BTC moving within a parallel channel.
Could the correction be over?
A move above the heart-line would be a good sign in my opinion of continued bullish-ness in the near term and could see us making new ATH and possibly breaking back into price-discovery mode.
A failure to break the heart line and retesting the bottom line of the channel could spell a deep correction on the horizon, forming a head and shoulder pattern and a very large bear pennant.
Looking at the RSI and MACD I would favor scenario 1 at the moment.
Just stay vigilant!
BTC still rules the crypto universe.
BTCUSD
Could the correction be over?
A move above the heart-line would be a good sign in my opinion of continued bullish-ness in the near term and could see us making new ATH and possibly breaking back into price-discovery mode.
A failure to break the heart line and retesting the bottom line of the channel could spell a deep correction on the horizon, forming a head and shoulder pattern and a very large bear pennant.
Looking at the RSI and MACD I would favor scenario 1 at the moment.
Just stay vigilant!
BTC still rules the crypto universe.
BTCUSD
