Higher Lows
Frank on Market Insights | 
HIGHER LOWS HAVE BEEN ELUSIVE IN THE CRYPTO SPACE FOR QUITE SOME TIME. As Bitcoin (BTC) retraced its meteoric 2017 rise last year, sentiment plummeted, along with trading volume. Now, in early 2019, not much has changed… or has it?
The most constructive part of the 2018 crash was BTC’s ability to hold above the 2017 lows. In fact, going all the way back to the beginning, BTC has made yearly “higher lows” every single year. How many other asset classes can claim that feat? Not the S&P 500…
For that scenario to hold again in 2019, BTC will need to respect the 3,130 zone, which it tagged in December of last year. BTC isn’t too far from that point right now, but BTC also is testing the upper threshold of a very clear triangle pattern.
A multi-month bullish breakout in Crypto has been a rare event over the last 14 months. Seeing one come to fruition now – when many traders have turned away from the space – could be interesting.
