Bitcoin price is moving inside of gigantic channel for over a year now, theres no reason to believe that second touch of the channel wont reject and we wont visit bottom of the channel for the second time sometime in may probably. Prepare buy orders on altcoins around those levels and long bitcoin. Exit of 18-30k range means 50k in sight.
Interesting thoughts! My only comment would be to be sure to log scale your chart in order to use linear channels as support and resistance. Often, what I've seen is Fibonacci-based log-linear channels being used in the way you use this price channel. Also, log-linear regression channels can provide a Pearson correlation coefficient that can objectively speak to the validity of the channels. Just a few thoughts, hope you don't mind me sharing.
Gringo1nlx
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@spy_master, not a problem and thanks for feedback, what ive noticed on log chart is that channel does not connect nearly as well as it does here so i might have to stick with this one until disproven. Will experiment more