On the chart we can see the rising channel.
Our strategy is to enter short when the price break down the upsloping support.
You can also enter short position at the bearish retest.
Target is shown on the chart.
Invalidation of this thesis would be if the price comes back inside the channel.
We can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the...
