As I said in my last update, if the channel which we were looking at breaks to the upside target is 58k
We got to 47,850 front running 48k by nothing really, and got back into this channel that you see on my chart
We are now at the middle of this channel, which is always the 1st target after you get back into a channel, and 2nd target is the low of the channel.
So BTC is now at support (mid of channel) and support and resistance are of course the lows and highs of this channel.
If we break to the downside, I would first be looking towards 54 - 54.5k
If we break to the upside, I would be looking towards 60 - 61k
I will update you when needed as always
Any questions?
Good luck traders
Remember not to break your rules
Habib
We got to 47,850 front running 48k by nothing really, and got back into this channel that you see on my chart
We are now at the middle of this channel, which is always the 1st target after you get back into a channel, and 2nd target is the low of the channel.
So BTC is now at support (mid of channel) and support and resistance are of course the lows and highs of this channel.
If we break to the downside, I would first be looking towards 54 - 54.5k
If we break to the upside, I would be looking towards 60 - 61k
I will update you when needed as always
Any questions?
Good luck traders
Remember not to break your rules
Habib
