Could it be that BTC is in a massive parallel channel?
The 2nd bottom touch just formed.
The facts are:
14 weeks down
16 weeks up
11 weeks down (currently)
A potential scenario is a retest or a break of the lows to reach the 618.
This is often seen at the 3rd/4th touch of the channel.
I'm leaning bullish
Let's see how this evolves.
The 2nd bottom touch just formed.
The facts are:
14 weeks down
16 weeks up
11 weeks down (currently)
A potential scenario is a retest or a break of the lows to reach the 618.
This is often seen at the 3rd/4th touch of the channel.
I'm leaning bullish
Let's see how this evolves.
Note
So far it's holding.Would like to see a 2nd bottom touch.
If more up, the midline around 52k is strong resistance with many confluences
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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.