Let's see what is going on! The point c2 that was identified in my previous analysis as possible maximum of the channel actually become the break point of the channel. According to my theory about the "cycle" of the bitcoin price we should go to point F - minimum point of the channel, but I suppose that will not go to this point now because of fundamental reasons...
Just was looking on bitcoin chart and was trying to find symmetry on this blocks of candles.
And as you can see I have found something!
It's very strange but line BD (between two minimums) is approximately equal to line AC (between two maximums) and both of them are approximately equal to line DF (between next two minimums), so if it so we can try to say that we...
Hello, I will try to do my first publication here. Actually this is my first analysis ever so I do not recommend to do the same =), but I appreciate your comments about this idea.
So I suppose we have Support Level at 221$ level as the price bounce from it for 2 times, also we can speak about local resistance that is demonstrated with black line on the chart.
So...
