The monthly chart shows that Bitcoin has officially broke the downtrend

I don't look at the monthly chart that often, but I feel like when I do I often learn some things

This time was no different.

Looking at the monthly candlestick chart of bitcoin it looks very much like bitcoin has officially broke its downtrend from $14k.

Sees:

(Source:

https://twitter.com/KlondikeRush/status/1223621488382746626

- KlondikeRush

Now, if that is the case then the measured move says we should be going up near $20k on this next surge.

The problem is where do we buy back if we try to sell some at $20k, because if/when it does pullback it won't be for that much.

I am guessing we will be hoping for like $14k on a big pullback to buy back in.

Those will be fun times...