Disclaimer: Notice that the chart is on the logarithmic scale – to understand the context switch to the linear scale for a while.
This is two years bull channel. Because of all SegWit uncertainty, I don't believe it will be broken this time. The current run is not the longest in the channel yet. It gives some idea about how close to the top we are. Wherever the top will be, the buying window opens below the half of the distance between last two tops.
This is two years bull channel. Because of all SegWit uncertainty, I don't believe it will be broken this time. The current run is not the longest in the channel yet. It gives some idea about how close to the top we are. Wherever the top will be, the buying window opens below the half of the distance between last two tops.
Comment:
Notice that every time the previous top is broken during the following correct. It's a bit risky but the previous top is the perfect place to set a BUY order.
Comment:
Since the $2300 threshold has been passed, the channel probably doesn't apply anymore and we're sailing on uncharted waters.