jimo79
Long

Bitcoin Ascending Channel

POLONIEX:BTCUSDT   Bitcoin / Tether USD
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My latest idea was a total disaster so please don't place any trust in what I see and figure the story and move out for yourself.

Right now the trend is bearish so its high risk to trade against the trend. However, we MIGHT have reached the bottom here.

The next target appears to be just under 8800, a 50% fib retracement hitting the top of the channel.

Should we break below the bottom trendline this idea is validated and we most probably will test below $8k.

Good luck to everyone and sorry if my idea costs you money !!
Comment: A supporting fractal pattern
Comment: The channel may end up not being parallel but a wedge too. bear that in mind
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