After the impulse movement from 8885 to 12100 we have formed an uptrend channel. I see that we have touched the middle line of this channel and now it looks like we will be testing the lower support of this channel. I also showed Fibonacci levels - which are support levels. If we talk about the mood of the crowd, Pay attention to the 84+ Fear and Greed Index alternative.me/crypto/fear-and-greed-index/
Solid analysis as always! We are also seeing a potential downside retesting 10.5k levels based on fractals:
jamesaphoenix
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Good analysis.
I'm thinking the same.
ReallyMe
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good analysis, thanks!
Rafal8
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Could you re-open this analysis please? BTC has been respecting the channel you made ever since you posted it, it would be great to see the continuation and further analysis on it.
Rafal8
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I have been checking this chart for days now. So simple and yet so accurate. It is amazing how BTC respected the middle line of the channel. Are we going to touch the bottom of the channel now?
aminnima_908
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you'r the best !
PTO
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My understanding of channels is that you need 4 touches on them high to low and low to high . ( twice ) Hm .. maybe it’s just me .. but that is a accepted definition of channel move .