Good afternoon, dear traders! Built 2 downstream channels. The first is called maternal. From it we went to the second channel. Bitcoin could not gain a foothold above the level of 7250 $ and we left below the middle of the 2nd channel. She is now a level of resistance ...
Based on the indicators, I believe that the asset will go to the middle of the second channel of $ 6900. I think that we will not go higher and continue the downtrend to the level of $ 6500-6600.
If you like my ideas please hit the like button. I'll be very happy. Thanks for your support. Have a good day and may the profit be with you!
I had the idea of a channel as well, but somehow mine ended up being ascending instead:
Funny how two people looking at the same thing can spot different patterns :). I think your idea makes a lot of sense, will be keeping an eye out on that upper resistance level to see if it gets validated
Funny how two people looking at the same thing can spot different patterns :). I think your idea makes a lot of sense, will be keeping an eye out on that upper resistance level to see if it gets validated