A very bullish start to 2020! The downward channel from June 2019 has been broken (Green lines) giving confirmation of the long-term price trend since 2014 (Gold line). Seeing how the price movements have been occurring since December 16th we are beginning to see a formation of a parabolic move materialise (Blue Line). If this trend continues, we will see a price of $10,000 by the end of the month. This is a key price point as it will coincide with the downward trend from its all-time high (Red line). At this point I am expecting a reversal back down to $8,000ish. If the trend breaks again, we will be in uncharted territory and ready for a very exciting move towards the halving.
The fund is neutral at the moment with no positions, however if the parabolic movement in confirmed we will be long once again.
The fund is neutral at the moment with no positions, however if the parabolic movement in confirmed we will be long once again.
