We are in a pretty tight down channel right now.
I give you two paths... approximate paths i can see btc -0.15% following.
A)Continue down till we hit ~6950 before a healthy bounce and Rise up.
B)Or start some sideways action right now before a move up to break the trend.
If we follow path (A) then we must NOT break 6900 at the bottom. As you can see there is a previous uptrend support line that has dated long ago. Bad things can happen if we go below 6900 like testing our 6k bottom from months ago and breaking it causing massive panic.
-Hit me a like please if you agree or share your idea in the comments : )
I give you two paths... approximate paths i can see btc -0.15% following.
A)Continue down till we hit ~6950 before a healthy bounce and Rise up.
B)Or start some sideways action right now before a move up to break the trend.
If we follow path (A) then we must NOT break 6900 at the bottom. As you can see there is a previous uptrend support line that has dated long ago. Bad things can happen if we go below 6900 like testing our 6k bottom from months ago and breaking it causing massive panic.
-Hit me a like please if you agree or share your idea in the comments : )
