Bitcoin has TWO top trend lines to this BEAR channel.
There is always two trend lines to the tops and bottoms of bull and bear channels.
One way is using the wicks and the other way is using the bodies of the candlesticks and they are called the conservative and bullish/bearish trend lines.
The conservative trend line uses the bodies and the bullish trend line uses the wicks.
That being said I am not Bullish at all until a weekly candlestick closes above the conservative trend line.
One way is using the wicks and the other way is using the bodies of the candlesticks and they are called the conservative and bullish/bearish trend lines.
The conservative trend line uses the bodies and the bullish trend line uses the wicks.
That being said I am not Bullish at all until a weekly candlestick closes above the conservative trend line.
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