The long term chart certainly looks like it is ready to start heading upwards.
We had a double bottom around that $7k mark, with a higher high on the second attempt.
Good sign in my opinion:
Now we just need to break that recent high around $11,300 and we are off to the races.
I am not expecting that to happen over the next couple of days, but over the next couple of weeks I think it will.
As we get closer and closer to tax day, I think a lot of the selling starts to dry up.
When we run out of sellers we start going up.
As we start going up, those on the sidelines jump in and we go up faster.
As we go up faster, fomo kicks in, and retail jumps back in.
Before we know it, we are right back at $20k.
See you there folks.