BTC HTF analysis, repeating patterns in a rising channel

Jul 14, 2021

Longterm bullish, but PA seems to respect rising channel and bounce between resistance, midline and support. Each bounce forms distinctive pattern of rising wedges that break upward and test either channel resistance or midline followed by a descending triangle or falling wedge. The Bollinger bandwidth give a sense of timing for volatile moves.

This model predicts a one year bear market, although in my previous ideas I predicted the bear move to last just several months. We will get more clues as PA unfolds.

Aug 30, 2021

Note

idea has not been invalidated, still testing the rising wedge,