Fiery dragons, iron gate, burning lava, mountain cave. Do you fight the dragon, do you break the gate, do you burn in the lava, or sit in the corner and live with the state?
Long-term Bitcoin analysis using a proprietary system developed over 10 years trading Bitcoin. Was initially created at the end of the "Auction #3" triangle, but I have decided to release it to warn the people about the upcoming storm.
We are currently in a super-triangle bounded by long-term resistance trend lines that concludes at a very important price in Bitcoin history, $247. See the following for a 1H close up:
On May 25 the darks will be cloud. Make your choice.
APRIL 22 UPDATE
Proof this chart was initially created at the end of the auction #3 triangle (see date uploaded): i.imgur.com/aiE31u5
Coming along very nicely. After this recent uptick I consider this large triangle confirmed and thus consider us in new territory. Expect a faster bear-trend or new bull-trend in the coming months. Being the year of wall-street and institutional money I think (hope?) we will sail to sunshine.