This is the importance to always drawing your Trend channels on the scale of macro and micro trending channels because it lets you know when the price breaks and makes a new Xtreme and you can predict where did price it's going to move next
so in this case on bitcoin I'm going to analyze the 60k zone after that big break we had couple of days,
so as you...
WE HAVE ENTERED THE 60K ZONE
NOW WHAT?
Bitcoin would need to avoid a fall back through the $56,580 pivot to bring the first major resistance level at $58,730 into play.
Bitcoin could test resistance at the $60,000 levels before any pullback.
A fall back through the $58,407 pivot would bring the first major support level into play.
Barring an extended...