We need the Bear to wake up the Bull in 2018
Bitcoin / Dollar BITFINEX:BTCUSD
RED LINE: The Bear Line
The crossing of this line confirmed the breaking of the most important support since BTC's latest surge in 2017 and the continuation of the short-term bear trend.
GREEN LINE: The Bull Line
The crossing of this line will reverse the bear trend and start the next bull run which might either:
a) slowly ("U" shape) lead BTC to a new all time high before the end of 2018 or;
b) quickly ("V" shape) give us another big bounce (that won't cross 15k ) still in 2018 before going back down and only reversing into a new ATH in 2019.
PURPLE LINE: The Repulsion Line
This is the line that will not be crossed by BTC again because nobody in their right mind would sell their BTC for that low.