Badgergrease

An interesting observation - Rate of increase in price. There seem to be only two rates of increase in price for BTC based on which channel it is moving in. If it were to break into the upper channel in the coming few weeks and maintain this trend, then the rate of incline is just about to increase significantly... Comments or feedback from those that actually know what they are talking about would be greatly appreciated... Many thanks

Have we just completed, or are we close to completing the back test on the long term trend?Ok, now we have completed the back test.It had to come at some point. Looks good to go up from here!Completed a double bottom at the same time.

Historic support everywhere you look.I don't think it's going anywhere but up.

I suggest that there may be huge institutional holders sitting on significant Bitcoin, bought just below the current price; and I doubt they want it to drop below the price they bought at. Any further drop would also start to erode the viability of Bitcoin Vs Alts, which they don't want either...Instead, they have created a market to buy all they can at this level. I suggest that positive ‘media-hype’ will start when they are ready, not at some all-time low that everyone seems to be waiting for...It's these same institutional holders that will create that hype; whenever they want to, for as long as they want to, recession or no recession...At these prices levels, maybe there is more manipulation at work than market force…?Of course, I may be totally wrong... But what if I'm right? Perhaps the only way from here is up?I'd appreciate your thoughts...

I may be over simplifying this, but are we not quite likely to go up from here?We’re at the bottom of a channel established a long time ago… and the trend is up.