New upward channel? Lots of resistance to break. Big picture.
Atualizado
I thought I would step back and look at the big pictures Since our top.
This is my first chart publish so hopefully it helps someon.
I'm not really trying to call bear or bull but it seems like we might be back in an upward channel on the 1 hr. Fingers crossed
Pink lines show all the resistance points on the way back to to our high.
Green lines are potentially support lines.
My thought is we might drift a little out of the bottom of the channel next week but hopefully we don't break the support it's sitting on now. After the 30th, when the china exchange news finally goes away, I think we will go up till mid nov untill the new bitcoin split fud starts.
After looking at the big picture please zoom in on our current time to see the channel.
Feedback welcome.
This is my first chart publish so hopefully it helps someon.
I'm not really trying to call bear or bull but it seems like we might be back in an upward channel on the 1 hr. Fingers crossed
Pink lines show all the resistance points on the way back to to our high.
Green lines are potentially support lines.
My thought is we might drift a little out of the bottom of the channel next week but hopefully we don't break the support it's sitting on now. After the 30th, when the china exchange news finally goes away, I think we will go up till mid nov untill the new bitcoin split fud starts.
After looking at the big picture please zoom in on our current time to see the channel.
Feedback welcome.
Nota
Channel broke already.Nota
Broke next resistance line. Looks like it's holding. Did not get back in the channel though
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