bitcoin respected the channel: long
#Bitcoin Rank-1
Bitcoin currently is wandering in an declining channel. And it has successfully retested the lower as well as upper trend line which basically confirms the channel.
yesterday too Bitcoin successfully retested the lower trend line.
But if you all noticed before, in the channel whenever bitcoin retested the lower trend line of the channel it rallied upwards and tested the upper trend line too.
And, once there was a strong throw over too.
So, i am expecting an upward rally,
the targets are marked by the green boxes.
By the way, successful breakout will actually tell the real trend of the market.
hope price breaks upwards :-)
Bitcoin currently is wandering in an declining channel. And it has successfully retested the lower as well as upper trend line which basically confirms the channel.
yesterday too Bitcoin successfully retested the lower trend line.
But if you all noticed before, in the channel whenever bitcoin retested the lower trend line of the channel it rallied upwards and tested the upper trend line too.
And, once there was a strong throw over too.
So, i am expecting an upward rally,
the targets are marked by the green boxes.
By the way, successful breakout will actually tell the real trend of the market.
hope price breaks upwards :-)
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.