Hi guys, just wanted to share my thoughts on BTC quickly.
Since April, Bitcoin has been in a massive uptrend, clearly, and I have plotted out a channel with 1 touch on the top, and 4 on the bottom line.
This channel has had many times where the heart-line and quarter lines have been played both for support and resistance (as shown with the green).
But now it is obvious that the bottom of the trend has also been respected thus far. This line can be a significant signal if it does break, but also it may suggest it could pose to be a great bouncing area.
Let me know your thoughts on this, and share your ideas down below :)
Since April, Bitcoin has been in a massive uptrend, clearly, and I have plotted out a channel with 1 touch on the top, and 4 on the bottom line.
This channel has had many times where the heart-line and quarter lines have been played both for support and resistance (as shown with the green).
But now it is obvious that the bottom of the trend has also been respected thus far. This line can be a significant signal if it does break, but also it may suggest it could pose to be a great bouncing area.
Let me know your thoughts on this, and share your ideas down below :)