BTC in a massive channel heading for 72K?
Updated
Could it be that BTC is in a massive parallel channel?
The 2nd bottom touch just formed.
The facts are:
14 weeks down
16 weeks up
11 weeks down (currently)
A potential scenario is a retest or a break of the lows to reach the 618.
This is often seen at the 3rd/4th touch of the channel.
I'm leaning bullish
Let's see how this evolves.
The 2nd bottom touch just formed.
The facts are:
14 weeks down
16 weeks up
11 weeks down (currently)
A potential scenario is a retest or a break of the lows to reach the 618.
This is often seen at the 3rd/4th touch of the channel.
I'm leaning bullish
Let's see how this evolves.
Note
So far it's holding.Would like to see a 2nd bottom touch.
If more up, the midline around 52k is strong resistance with many confluences
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