mo_diggity

BTC - Yes you have to cut off the Apr/Mar Daily Highs

mo_diggity Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
Looking at drawing channels, I think you do have to draw the big downtrend line through the Mar/ Apr daily highs.

Look at the weekly (below) to see why that is actually more accurate

So what does that mean?

The last 2 days were significant because we have broke BTC last decending trendline from 69K. Yes we can still go lower, (as most trendbreaks will want a new extreme), but as of now, we're no longer in this massive trend down.

I think we'll see two legs in this correction rally, then test the lows around Nov/Dec.

🤙🏽
Commento:

Look at the weekly candles, specifically the red doji. That to me is precisely where the trendline is crossing.

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