BTC Support/Resistance Channels

9 mag 2018

Remaining fairly consistent throughout the last couple of weeks. I'm still rather bullish in the short term. I believe a push towards the top of the large channel(green) will help complete this particular wave of the overall correction cycle in the near future. I expect today's ranges to stay within the lower half of the overall channel, staying near the low midpoint as seen. A true sign of a significant bear break to sway overall momentum would need to break down hard through the green bottom support slope. Until then, the ranges are self explanatory. A simplistic visualization of recent price ranges.