We are in the big sideway channel
The crash at 7 Sep has just confirmed that we are in the big sideway channel. We should see the dip around 17 Oct if the price is heading down with the same scale as the first wave.
According to the on-chain data on Glassnode, 'The Whales' wallets' is continuing growth, and therefore the price will go up at the end of the channel.
However, it is possible that the price might not hit the support line, since the whales, probably, buy the huge volume of panic sells before another does at the support line.
This is not financial advice. Always do your own research.
According to the on-chain data on Glassnode, 'The Whales' wallets' is continuing growth, and therefore the price will go up at the end of the channel.
However, it is possible that the price might not hit the support line, since the whales, probably, buy the huge volume of panic sells before another does at the support line.
This is not financial advice. Always do your own research.
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