Hi communty !
actually i thin this channel is really valid and based on this trend line , there is 2 scenario possible !
1 - After retesting the 17.5k - 19k support line price starts growing again an the next bull market will start after one good green candle close upper than the WEEKLY EMA 200 ! ( maybe a good place for buying)
2-if the price break the bottom line of channel (Dynamic support line) then yet i dont think we experience huge price drop ! maybe bitcoin channel get sided and a long Trading Range is ahead !
sorry for my poor english !
wish you the best
sincerely,
actually i thin this channel is really valid and based on this trend line , there is 2 scenario possible !
1 - After retesting the 17.5k - 19k support line price starts growing again an the next bull market will start after one good green candle close upper than the WEEKLY EMA 200 ! ( maybe a good place for buying)
2-if the price break the bottom line of channel (Dynamic support line) then yet i dont think we experience huge price drop ! maybe bitcoin channel get sided and a long Trading Range is ahead !
sorry for my poor english !
wish you the best
sincerely,
