Bitcoin Channel No One Shows
I am sure everyone has seen the channel and curve many analysis love to show.
Well that channel was broken on March 12th with major volume .
If you actually anchor the channel to the bottom with 2 points up top this is what you get.
We have not come down and tested the bottom of this channel since 2011 .
This still leads me to believe we will hit more of a common retrace of either the .5 or golden .618 fib zones!
We have already hit the .382 from the start of the bullrun in 2015 until the peak of 2017.
There is much bias in this space when it comes to drawing lines, curves, etc!
The best thing to do is to keep an open mind and see the bigger picture.
For me, that picture is this.
Well that channel was broken on March 12th with major volume .
If you actually anchor the channel to the bottom with 2 points up top this is what you get.
We have not come down and tested the bottom of this channel since 2011 .
This still leads me to believe we will hit more of a common retrace of either the .5 or golden .618 fib zones!
We have already hit the .382 from the start of the bullrun in 2015 until the peak of 2017.
There is much bias in this space when it comes to drawing lines, curves, etc!
The best thing to do is to keep an open mind and see the bigger picture.
For me, that picture is this.
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