Bitcoin is now trading above 5000.
But if we let the bear loose on the charts, this is what they could look like:
We can easily draw a huge descending channel, with the bottom trendline formed by the Lows of February and December 2018.
Highly unlikely? Maybe, but not impossible.
Tyler Jenks' Hyperwave's not dead yet.
Detailed view of the daily logarithmic chart of today:
