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
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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.