Bitcoin bear channel adjusted to March 5th highs

The overriding structure that has been containing bitcoin since December is the parallel down channel . The channel has been adjusted to identify March 5th highs as the third rejection of the upper boundary of the channel instead of February 20th highs which was previously considered the third rejection.

Two things to note with the adjustment of the channel:
1.The channel has become slightly less aggressive and has left room for further upside to potentially revisit 10,000 resistance
or 11,000, the top of the channel. This extra breathing room for upside while still being contained within the overriding structure is directly in line with my analysis on other major cryptos ( ethereum , ripple and neo).
2. With the upper boundary of the channel being adjusted for the March 5th highs, the lower boundary has been adjusted accordingly. The less aggressive angling of the lower boundary is now more relevant to the price action than previous placement as January 17th and February 2nd lows are incorporated, lending greater credibility to the new adjustment of the overriding structure.
评论: 4-hour chart view. A closer look at the newly adjusted lower boundary of the parallel channel.
评论: There is in fact two parallel channels in play. The original and 'adjusted' channels. Both are valid and cannot be ignored.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出