I think we will bounce along this longer trend line currently around 6.2k and start following the symmetrical wedge for a late October intersection.
Still have my bear boots on for now, but if we can maintain the trading range until the end of the year, I'd consider that a bullish signal.
What do you consider to be our current trading range (which I would also consider to be a range in which you do not get excited until it is breached?
Something like $5,900 to $7,900 ?
Actually, might we NOT get too excited (or assume that the bottom is "in" until we give another really good challenge to $10k and perhaps go above it for a while?
Could take several months, as you seem to be suggesting.
PS:
By the way, I am still thinking that our current range of $5,900 to $,7,900 or whatever it is, might still be similar to the bouncing around between $220 and $300 for a bit more than 8 months in 2015? Except for me, on a personal level my average cost is more than 8x below the current price and I have a decent fiat reserve, as compared to 2015 when my average price per BTC was more than 2x the price, so my portfolio was in considerable red below 50% of what I had paid.
We will see if the BTC price comparison is appropriate (even though my personal situation is way improved)? We will see?
