The major ranges on this long term chart average around 1800.The current range is 1781,compared to 1778,the last major range in the previous bull market (2007) . Dec 27 was a 5 year cycle from the high,so the stars are aligned for a decent reversal,possible major top though it would be safer to wait for a decent weekly reversal candle for confirmation. The Dax is showing strength relative to US markets and seems more likely to be lagging than leading.
Does history make a case that Bitcoin has topped?
48 minutes ago
"The Dax is showing strength relative to US markets and seems more likely to be lagging than leading."
ReplyDeleteI agree with that assessment.