Very interesting group of channels tying tops & bottoms together
We can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the near future. Seeing it this way gives me added confidence the bottom is likely in..although with a black swan big enough I suppose price could still collapse to the bottom trendline of the worst channel. For now I believe bottom is more probable to be in than not though. *Not financial advice*
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.