Have BTC changed its Long Term channel for a less bullish one?
BTC is still very bullish in the long term, but even though last days have been really good, don't forget we are still in a correction and we are about to reach 61.8% fibonacci's retracement from 28.5k minimum.
The last drop left us with a very unstable medium term bullish channel so I don't think drop has ended here.
In red you can see the previous long term channel, in bold black what could be the new one.
I see 3 objectives to reach before resume the bullish trend:
1) 31k as first stop
2) 18k-20.5k as final bottom if we resume on the (red) long term channel
3) 11Kish if we are going to move towards a less bullish long term channel (bold black).
I buy on retracements only, so it is still not time for me to buy, but to sell what I have left and wait patiently for a new opportunity.
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