mortonpeak

Reading BTC's parallel channels

COINBASE:BTCUSD   Bitcoin
BTC is a story of parallel channels, leading to big breakouts. It's the breakouts, upward, that keep up tuned in. But at these heights, parallels strike fear into everyone's hearts. Here are how the last set of parallel channels have played out, leading us to this point. Given that we are in yet another stand off between buyers and sellers, we can keep this historical pattern in mind.

TBC

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