renevelazquez

BTCUSD Descending Parallel Channel

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BITSTAMP:BTCUSD   Bitcoin
Just drawing the Descending Parallel Channel from BTCUSD Dec2017 $19,666 to Feb2018 Lows $6,000 connected to the break down from Nov2018 $6,000sh ( 1 channel touching weekly closes and the extension of the channel touching daily closes)

That descending channel give us an idea on how 2019 could look like.

Follow the channel and trade accordingly.

Accumulation zone from BTCUSD from $950 to $1800 during most part of 2019.
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