THE POINT AT WHICH THE BTC IS IS VER CRITICAL CAUSE IT WOULD WELL DETERMIINE THE NEXT FALL OUT OF THOUSANDS OF DOLLARS FIRST THERES A TREND LINE TO THE UP SIDE THAT NEEDS TO B E BROKEN TO MAKE THE IP MOVE THE POINT 70K+. INVERSELY THE MARKET MAY AS WELL MOVE FUTHER TO THE DOWN SIDE(THOUGH THE WIG REJECTION THERE SHOWS A MOMEMTUM TO THE UP SIDE .
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THE CURRENT AREA IS GOING TO A RESISTANT ZONE THAT WOULD MOVE IT TO THE POINT NAMED AS T.P 1 AND THEN WOULD PAS AND TRAVEL TO T.P 2 BREAK T.P 2 AREA AND COUNTINUE THE UPPWARD MOVE TO T.P 3
the graph shows first a strong support that has been held for 3 times and the break of a trendline to the previous support that has became a resistance and if the resistance area is broken it most likely going to go futher for t.p 2
thats a previous resistanceh that has been tested according to the range of the channel . its going back to test the upper area of the channel then do a final test of the support area then move for a short until it hits the previous resistance and probably move up back
