Mixed Bitcoin Signals/Feelings | Are We Ready To Jump?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After looking at the bigger picture, Bitcoin's long-term weekly chart, we go back to the lower timeframe to get a better idea as to what will happen short-term... Is the low in?

We have really good support above $40K.
That is the $40,000 - $42,000 price range. The longer this level holds, the higher the chances we end up bullish with a higher low.

If this support level breaks, we are still looking great around $39 and $37K.

We are reaching the culmination point.
In 2 weeks the month is ending...

We are set to move higher even if we get a final drop.

Forget about the current price action, if prices go down by $10,000 or if they go up... It doesn't matter as long as we accumulate, we buy/rebuy and hold long.

February is a great month for a bottom...

Worst case scenario, we get 2-3 additional weeks of correction and then massive bullish growth.

A very positive outcome, we move from the current price level straight up.


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