Being "Long Term Bullish" is no excuse to ignore the bear market signals. Last weekend I made a mistake on timing the move from "this weekend" instead of "this week." The charts still proceeded in the pattern. The failure to stay above 500 brings us back down to the midpoint of the rally. Now, price could hold here to go back up or break to retest the...
Price action this weekend will determine the trend of Bitcoin. From the bottom we have had a pullback that pivoted right at major support of $530. Price must hold the last support of $445 or this move up was just a pullback to break the low.