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BITCOIN - STRONG HIGHER LOW OR 30% DOWN?
As we can see BTC loves to move inside clear parallel channels.
So far during every bear market we were going 3 or 4 floors down.
Now we are at the third floor from the tops and aditionally pric is being hold by strong, over two years, trend line from march crash.
Still we have room to touch it (green dotted one) below 19 k what could give us strong higher low with potential huge accuulation pattern (channel) in making).
Loosing it would mean (imo) one more huge sell off towards another floor lower (around 14 k) what would also give us a second touch (retest) of the main trend lne from the tops.
So far during every bear market we were going 3 or 4 floors down.
Now we are at the third floor from the tops and aditionally pric is being hold by strong, over two years, trend line from march crash.
Still we have room to touch it (green dotted one) below 19 k what could give us strong higher low with potential huge accuulation pattern (channel) in making).
Loosing it would mean (imo) one more huge sell off towards another floor lower (around 14 k) what would also give us a second touch (retest) of the main trend lne from the tops.
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