FoxyK_

FoxyK_ Updated 

Hello fellow traders, today i would like to share my idea on the next possible move of BTC . Since I'm new to trading and not qualified to give any sort of financial advice take this as a general outlook of the current situation and my personal thought. I'm not a native english speaker so excuse me if i make any sort of grammatical errors. For starters i would...

FoxyK_

We are currently in a huge parallel descending channel, from a weekly perspective i would say we might retrace back to the previous resistance (red area) which now turned into a support. If the weekly closes below 23.5k this whole idea is invalided, nonetheless if the support holds we might see some more upward continuation towards the 30k level (gray box).