On the 1hr, we're in the pennant. Inside that pennant, we're currently in upward channel.
Now we zoom in to 15 mins, and we see a downward channel heading to the bottom of the 1hr upward channel.
Right now, price is at the point where the 15 mins downward channel meets the bottom of the 1hr upward channel.
If we break the top, the 1hr upward channel continues and eventually breaks the top and the pennant and gives us an upward continuation to at least 75k
If it fails to break the 15 mins downward channel in the next 30-45 mins, we probably heading way lower.
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Top of downward channel seems to be successfully broken, we might see a quick retest before the higher up bounce 🚀
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Looks like the retest is here. Exciting times might be ahead of us right now 👀
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Next time we touch the bottom of the upward channel, is gonna be the last time.
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I told it will be the last time we touch it, but I sure as hell did not expect to touch it this way 😂
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Now it looks like we're on the way to 75k. Let me Explain
We touched the ATH, then went down in a channel towards the support/demand zone. Once it reached it, it started going up and broke the channel, then did a channel retest which was also a 61.8% retracement on fib, and now going back up again.
If this is confirmed, we might see it reach the 73.4K area before a quick drop like it does every time it retests a new ATH, then continue to complete the flag at around 75-75.5K