Bitcoin PA still in channel but is it ready to break out ?
We can see that PA is still in channel and seemingly getting rejected off resistance mid channel.
Is this Terrible News ?
I do not think so. If we go back and look at the 2013 - 2017 run, we can also see PA was tame in the 2 years of mid cycle. held down by a rising trend line and, for me, I can see that this cycle also but on a bigger scale.
We wait for PA to break over that line and then the upper trendline, to reach for New ATH
This may happen Late spring or Early Autumn.
I can wait
Is this Terrible News ?
I do not think so. If we go back and look at the 2013 - 2017 run, we can also see PA was tame in the 2 years of mid cycle. held down by a rising trend line and, for me, I can see that this cycle also but on a bigger scale.
We wait for PA to break over that line and then the upper trendline, to reach for New ATH
This may happen Late spring or Early Autumn.
I can wait
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