As we can see, the price is on our side. The passed idea also goes in the direction of our arrow. Still worn and will reach the line of resistance.
On March 6, the price bounced off the support line and began its rapid upward movement. Please note that since February 25, 2021, the price no longer breaks the resistance line. This is a good sign for our idea today. Why? Because the price is approaching this line.
Today I expect the price to continue its upward movement. As soon as the price reaches the resistance line, it will immediately push down from it. The next move is the fall. The price will start dropping to the support line. This will be a good push for the price. There were similar aftershocks a few days ago. The price has already repelled the price.
wait and see;
for now you're right.
nice chart; clean and simple.
thx
Donajor8
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Idk BTCUSD has to be looked at from a psychology aspects over technical
j_bones
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Price will stay in this channel for a few weeks, once approaching 55/57k will then hit lower channel support and breakthrough testing fib 618 in a sell off down to 40/37k range, lastly picking up volume and slingshotting to new ATH in early April. Patience is a virtue. Hope this is helpful, happy investing.