Bitcoin Liquid Index

BTC 3 Month TA, Possible 2017 Bubble Bottom

86
Previous resistance back in 2011 has turned into support for the bottom of the 2013 bubble and now possibly for the bottom of the 2017 bubble at around 1964 (First quarter of 2019). One scenario that might occur due to the over bought conditions on the RSI, 97, is that a large correction may need to occur, which could bring the price to previous resistance, which was crossed but never back tested, at 678.45. Also, note the green TD 9 count with a possible 1-4 candle correction. Short term bearish (1 year). Long term bullish (3 years).

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(Bitcoin, Global Markets, Gold)

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