ChasingTheMoon

an arguement for a long BTC to 9.2k to 10k.

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ChasingTheMoon 已更新   
BITMEX:XBTUSD.P   Bitcoin
i'm sure this probably seems far fetched, but I recognise some similarities between now and a few months ago.
the main trigger for me in this assessment is the SLR (Linear Regression Slope),. which has not been in this current position since Jan/Feb on the 4H.

the difference between the two time frame in question is an agreement between the Alligator and the SLR which occurred Feb 10th, however, if we continue any trend upward off this current support, that will change.
Stochastics gives me reason to also believe we're heading upward and with some momentum, I see Divergence in the chart.

I'd also like to argue, that the down trend we saw in Feb, is very similar to the down trend we're seeing now, and in saying so, also leads me to believe a reversal is on the horizon, 4H is alot of time, perhaps a revisit in the short term a little lower. but i'm feeling more confident of a push to the upside. at least short term.

can we see 9k? 10k? the drop in % from Feb to now is also nearly the same.

a lot of good signs for me, what do you think?

comments section for more pics
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what we saw in Feb
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