My last post was a weekly chart which won't play out for at least a week or two, probably close to a month maybe longer, but the 30 minute chart shows some juicy data/information. đź‘Ť
I've founded this ascending channel we've been steadily climbing since December 16th. Please note we've reached 3 validation points on the downtrend trend line (this is a bearish sign of sell pressure in future price action) It takes 3 touches to confirm a trend direction and we only have 2 on the downside. So, if i was placing a bet here i'd say the probability of the next move is more so leaning towards the downside.
$30,000 is a massive psychological resistance level and im expecting -30-70% pullbacks in Q1 2021.
Get ready for another super volatile year trading or investing into bitcoin and the crypto community.
Mass adoption is coming in the next few years.