BTC update:
There we go. The conference was a bullish catalyst, just as predicted in the previous post. It could even be the beginning of a longer term reversal.
Bitcoin multi-year bear market starting in spring is unprecedented, it goes against the S2F model and the previous halving cycle history. I still think we're in 2013 scenario: 2-3 months of downtrend in spring before the recovery in summer and new highs in autumn. Cycle tops out in winter.
If you're longing, now you can set the stoploss at $29200. Closest resistance levels: right here - daily tenkan, $35000 - daily kijun + 50EMA confluence, $38500 - 200EMA level.
