Bitcoin appears to be in a channel at the moment.
The Chart clearly shows that it broke out of a triangle which was at the top of the channel to the downside.
The highest potential for the next reversal point is now at the bottom of the channel.
Looks to me like BTC is headed back to at least the $8K range in the near future.
Feel free to leave your thoughts in the comments below!
Make sure to be respectful of all comments so that we can utilize this platform to help each other and to build each other up!
After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
The Chart clearly shows that it broke out of a triangle which was at the top of the channel to the downside.
The highest potential for the next reversal point is now at the bottom of the channel.
Looks to me like BTC is headed back to at least the $8K range in the near future.
Feel free to leave your thoughts in the comments below!
Make sure to be respectful of all comments so that we can utilize this platform to help each other and to build each other up!
After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
Comment:
Watch for this to break for the next move down!
Comment:
Slight update to the channel.
