As we can see price is once again in the new local parallel channel (Ascending channel) and after breakouts usually we have sharp moves and then fall or dump.
this time price is in the 60K resistance zone and we can expect a breakout to the downside with more possibility.
DISCLAIMER: ((trade based on your own decision )) <<press like👍 if you enjoy💚>>
Trade active
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local channel resistance is touching and we can expect a correction or dump. current price is:63500$ trade is now active
Thank you for your valuable analyses, i have been following your analyse recently an you are very realistic and detailed.
I believe if BTC can NOT reach ATH within today or tomorrow, then we will see BTC consolidate or go down towards 57k, 55k, or 52,5k. AFTER THAT, Bulls will start a fresh uptrend and possibly go BEYOND ATH. Bull market is still very intact and strong. LET'S GO. ;)
@Afterbite, yeah it's pretty easy to be right when you basically just say, "The price is either going to go up! Or the price is going to go down!"
ClassicHawk
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@bodeen88, you have to be prepared for both scenarios, plan ahead for both
hdcrypt
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@bodeen88, True, very well said and all TA's are like that.
fyllerpa
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The analysis is pretty clear to me. Based on this you make your own decision. And yes I also like how he uses two arrows, makes it pretty clear at what lvl he thinks the price can break out.
I believe if BTC can NOT reach ATH within today or tomorrow, then we will see BTC consolidate or go down towards 57k, 55k, or 52,5k. AFTER THAT, Bulls will start a fresh uptrend and possibly go BEYOND ATH. Bull market is still very intact and strong. LET'S GO. ;)