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MadWhale
Feb 5, 2023 8:16 AM

BITCOIN again in the parallel channel and more range ๐Ÿ“–๐Ÿ’กย Long

Bitcoin / TetherUSBinance

Description

โ‹…
Hello ๐Ÿ‹
Based on the chart, the price is again in the ascending channel and close to the channel support area, and we expected the retest to be completed โœ”๏ธ
if
the price doesn't break the support zone to the downside and just complete the retest, we will see more gain, at least to our upper trend line ๐Ÿ’ฃ๐Ÿš€
otherwise
we can see more correction to lower support level โŒ๐Ÿงจ
if
breakout of the upper resistance zone be completed, we can see more pump to the upside โœ”๏ธ๐Ÿš€


๐Ÿ‘Œ Notice: pay attention to the price on shortcut chart (located below the main chart with black colour) ๐Ÿ“–๐Ÿ’ก

Please, feel free to share your point of view, write it in the comments below, thanks ๐Ÿ‹
Comments
MarsSignals
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brilliant
DeGRAM
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Kudos!
JoeChampion
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Good work, i'm also bullish Bitcoin here!
Williamforex
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Appreciate
Rookxb8
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what kind of parallel channel has one touch on the support line.

in reality btc is breaking below an ascending wedge with actually has 4 touches in its bottom line
MG1986_
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Ok ok you are right
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