I do not take what I said, despite bitcoin breaking down to the lower boundary of the ascending channel.
HOWEVER, there was a VIOLENT BOUNCE upwards, and BTC will continue to head towards the top of the ascending channel.
Channel labeled in teal.
Most of the charting here for bitcoin are crap. I bet many who charts BTC DO NOT actually trade bitcoin. They have no sense of market behaviour of this wonderful crypto based on previous trades.
Anyway, I am extremely bullish on bitcoin. Short term target $19k based off pole height.
Intermediate target $30k to the upper boundary of the parabola. South Koreans...
It is no trade zone for me. Price movement extremely choppy, it's been head and shoulders after head and shoulders. I would not open a long position until a clear pattern emerges on 4H chart, and indicators turn bullish on 1 day chart.
Don't trade and get REKT by the volatility. Stay put and WATCH THE CHART.