Channel diving with XABCD pattern (bitcoin)

BTCE:BTCUSD   Bitcoin / U.S. Dollar
1674 4
Channel diving with XABCD pattern, RSI confirmed back into the cloud + 0.5 fib. (1d). Target 535 $

Any improvements or tipps? Like to disquss with you, here or @t twitter:

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An more detailed description of this TA you'll find on r/bitcoinmarkets:

Update: I have created a new TA. It shows that where are still in a longterm downtrend channel , and hit the meridian at the same time we hit the meridian in this middle-term uptrend channel . Here's the link (or just scroll below):
I wish i understood what these charts were indicating.... where can i get info on how to read these?
altcoin_invest Corey.TheGentleman.Faulkerson
Hey thx for your comment. Did you already read my post on reddit? :
An more detailed description of this TA you'll find on r/bitcoinmarkets:
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