If you use data from 4 yeas ago to create the pattern it's always going to be bullish, there is no way to have a graph matching the bearish ones in that image.
I just hope we won't be touching 6000 again,this it's getting annoying.
But despite those pattern play, I will first start to get bullish again when we break above $12k or see that golden cross happen.Anything else is not strong enough evidence for me that the bulls have taken over.
Breaking 10 000 and staying for a while seems now pretty bullish to me
And as always
BTC doesn't care about TA and patterns, I'm willing to bet the next month will again prove the price is as chaotic as it can be.
4 years? That's just one year!
The rocket cannot refuel without touching earth again. Even $6000 still
feels too expensive for latecomers. Anyone who got involved 1 year to 6 mos ago, they are still up and probably reluctant to buy moar.
At some point, the price will hit a magic number where old timers and newcomers alike feel compelled to buy again. This might require bouncing off a lower support a few times or consolidating sideways.
Bargain basement prices along with positive fundamental analysis is the rocket fuel we are looking for.