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BTC Fib Channel: Parallel Trend Line Resistance Touch

By navonods
Updated
Projecting a line parallel to the fib channel from a previous resistance. Seems to have reacted to the trend line projection. Could be temporary. Could retest the bull trend line ~40k.
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42-43k more likely imo
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TradingView messes with my trendlines all the time, that's why some of them aren't exactly parallel. Always having to reset them.
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Cleaned up the trend lines. That 1.618 extension is in line with this 4 hour candle.
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Rather, it crossed the 1.618 this 4 hour candle
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If we mega bull this is a target snapshot
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Back at the trend line snapshot
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Breached snapshot
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see how it looks at candle close
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A more reasonable target:
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Chart Patterns
navonods

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