BITCOIN giant descending channel leads to + 20k

Apr 13, 2020

Its decision time on BTC soon.

We could possible be in a GIANT descending channel. Recent 10500 was just a fakeout and the dump the nessessary correction.

We are now approaching a deciding area:
- Rising wedge after dump already almost formed
- New resistance line from february 10500 fakeout
- SMA 50 resistance
- upper descending-channel-line support
- volume decreasing

Personally i think about a retest of 4800 lows before halving and would try to enter the market there. 1-2 weeks after halfing price should finish distribution/accumulation from february fakeout and break out of the descending channel. And FED keeps on printing meanwhile..

shortterm bearish --> 4800 --> 4-6 weeks
longterm bullish --> +20k --> bullrun starts end of april

THIS WILL BE EPIC!

Apr 20, 2020

Trade active

Back below trendline. I think 7350 was a fakeout.

May 1, 2020

Trade closed: stop reached