Its been a while on here, today I decided to bring my latest research for everyone to have a look at. Well, as we all know BTC has been holding up within Rising or uptrend channel, this channel is very promising with huge potentials. If you are familiar with my previous post where I talk about the rising channel, the post is shared here:
We are currently trading above the median of the channel which mean the next priority is testing on the upper line of the channel and is coincidence to one of my previous idea of bullish pennant which have target towards the top of the channel.
This is not a trading signal but just a potential decision making idea to know the most dangerous zone to watch for.
perfect job sir,i think we will have chop with huge wawe lik 2016 till 1017,much helpful for making game plan.tnks
MrVolcano
⋅
Hi Wes, I like your analysis. I have a similar outlook, only my channel is drawn on a log scale. On my chart, Instead of price currently sitting just above the center line (which would be awesome!), mine is rejecting the middle line with potential to go lower. I think the channel idea is good though and I do believe we will go to new ATH's later in this bull run, however I think we might have topped out for the next month or two. Good luck!
dragansimic171111
⋅
Thanks.
CJS04
⋅
Oh you are from Nigeria. That explains it all
CJS04
⋅
You are very wrong. It’s going to do the zebra triangle ascending tio trend to 780k by June. What a dummy. Everyone knows the fib fan pattern clearly shows this as well
AXLP
⋅
Thanks, always looking forward to your posts.
optionsnow
⋅
monthly chart in negative zone 65k was ATH for thia bull run
Crypto-Quantum-Fox
⋅
Very nice. Elegant/simple. prob gonna be accurate.