BTC's 2-Week Upwards Channel Remains

16 de mar. de 2021

Love the correction, saw the usual strong dump at 0.718 fib retracement level, with a nice resistance showing so far at 0.618. Sunday into Monday did not close on the 4hr candles below the upwards rising support level of the channel we have seen the last 3 weeks, showing that the bullish trend since the dip after last ATH continues. Here we go back to return to the middle of the ascending channel , previous descending support now drawing the upper resistance for the pennant fresh out of the dump. Looking for a break of this upper level, and a return to the middle of the channel after a couple zig zags picking up over the week. Good W-trades to come.