Stutemeesjoco

Stutemeesjoco

On the daily we see a clear sideways trendchannel with multiple touches throughout the whole of 2021. Price needs to get above this channel AND above the red line to see some decent upward momentum again in BTCUSD. Have a great day!

Stutemeesjoco

I've posted this chart March 25th. Its still valid and seems to be very accurate as yesterday price touched the bottom of the trendchannel. As long as we are moving in this channel there is no reason to assume a deeper retracement.

Stutemeesjoco

Hi guys, let the lines speak for themselves! Leave a comment if you feel like it.

Stutemeesjoco

We see a downward channel forming in BTC/USD with several breakout options (yellow lines). We might loose the bottom of the trend channel first and find support around lower support zones, before a continuation of the bullish trend. Anyway this is my first post, I hope it can help you in your decisions. Good luck to all!