After approximately three months of uncertainty, we finally broke a long-term Downtrend Line (LTB) of the long run, which had been going on since 2017 and which connected all the last important tops of the market.
I believe as a BTC investor that this was not just any break. We may actually have moved out of the side trend, which lasted more than two and resumed a new upward trend. It is not for nothing that we are already in the third week of high followed after this important break.
Now we have practically reached the top of 2019, at USD 12,000, but due to the long upper shadows this top resulted in a somewhat inaccurate resistance that can even be considered around USD 13,000.
Congestion at the current level may already start, which could take us back to the green ATL. As long as you don't lose it, the search for USD 14,000 by the end of the month is certainly a strong possibility. After that, next resistance around USD 18,400.
The scenario only starts to go undefined if we lose the LTA and the USD 10,000, but this is still far from being a possibility at the moment.
Barbosa
