Pinkish trend line held through late 2015 until march 2017 before take off to the moon and now we are back. Will $4000 hold is the question.
One take from the 2014 fractal suggests we break this trend line sideways and bounce on top of the support level at $3800.
Another take on it suggest range between $3000 and $3800 before dropping to $2000.
Note that golden trend line was touched 2013 and 2015, a third touch would bring BTC home to $2000.
Also note that price never retested roof of $1300 early 2017. That is the only scenario that would break all trend lines, reset the chart and basically destroy everybody.
One take from the 2014 fractal suggests we break this trend line sideways and bounce on top of the support level at $3800.
Another take on it suggest range between $3000 and $3800 before dropping to $2000.
Note that golden trend line was touched 2013 and 2015, a third touch would bring BTC home to $2000.
Also note that price never retested roof of $1300 early 2017. That is the only scenario that would break all trend lines, reset the chart and basically destroy everybody.