Hi guys!
I wanted to share my last updates on $BTC. IMO, $BTC can move inside this channel. I have two scenarios here.
The red path, which is basically a re-test to the midline of ascending channel and moving up to the upper bond.
If BTC breaks the midline to the downside (the blue path), it can re-test the midline from the bottom and go for the lower bond of the channel.
Interestingly, the lower bond of the ascending channel matches with 0.5 fib level (53.8 K level). The upper bond is also matches with 1.618 fib level (84K).
I wanted to share my last updates on $BTC. IMO, $BTC can move inside this channel. I have two scenarios here.
The red path, which is basically a re-test to the midline of ascending channel and moving up to the upper bond.
If BTC breaks the midline to the downside (the blue path), it can re-test the midline from the bottom and go for the lower bond of the channel.
Interestingly, the lower bond of the ascending channel matches with 0.5 fib level (53.8 K level). The upper bond is also matches with 1.618 fib level (84K).
