BITMEX:XBT   Bitcoin / US Dollar Index
We moving in general up trend channel
I see on the chart a standard movement similar to the movement of 2015 impulse - correction - impulse
After we touch the resistance line - the correction channel, bitcoin go down to the mid-channel line

In that zone will be the finale of this story. or we will break the support line of the up trend channel. or we will break the resistance line of the correction channel with a good impulse

In W1 chart I see rocket formation

You can check all my previous BTC charts

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Thank you for your great analysis and teaching posts. Always interesting to read and learn from!
+1 Reply
we both think the same your work is really nice.
Hello! For your success! Thanks!
The initial drop, I agree with, the subsequent impulse...not so fast. Corrections (where the market currently is) are slow. My 2 cents:

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