BITFINEX:BTCUSD Bitcoin / Dollar
The big channel is forming a downtrend, the medium channel is forming a steep uptrend (sketchy) and the new emerging channel is showing down. It may touch the bottom of the large channel again before moving up. The large channel may last more or less until the halving. But thats another story.
Comment: When i made the forecast i was thinking to my self it was probably going to be a quick dip. However i got the timing wrong and the dip happened in the candle just after i posted this chart. In my book the prediction is still a success, and for the record i think we are looking at another good short oppertunity right now, when price is near top of the channel again! Have a nice day.