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chillcrypto
Jan 28, 2022 8:30 PM

Bitcoin short term upward price channel 

Bitcoin / United States DollarCoinbase

Description

FWIW

We have a well defined area of support at 35.5k that we have bounced just above several times over the past few days. So far we are holding a small upward price channel.

Next resistance up we’ve hit a few times is in the 38.9k to 39.5k range. Then a larger hurdle at 40.6k.

Risk to the downside is a corrective wick to 32.6k, which touches a line I extended from reactions on 01-Aug to 21-Sep. (And before that 20-Feb, 25-Mar, 25-Apr, etc.)

Not financial advise.

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Comments
trytofeelpositive
agree with ur long mate
i've thought the same
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