- I extend the bullish channel for BTC.D toward it's former glory (95%).. Let see if it's obey the channel.
- Yellow strip line = rising wedge that potentially could play out.
- Break the channel i expect up trend line 1 would be a buffer for next upside or consolidate around that area.
- Break the channel is not necessarily a bearish movement could took place immediately as it could possibly a consolidation around the support that already been previously act as resistance until it could resume it's trend, either down or up.
Larger chart outlook for btc.d to get an idea where the yellow horizontal line / potential resistance coming from.
peace.
- Yellow strip line = rising wedge that potentially could play out.
- Break the channel i expect up trend line 1 would be a buffer for next upside or consolidate around that area.
- Break the channel is not necessarily a bearish movement could took place immediately as it could possibly a consolidation around the support that already been previously act as resistance until it could resume it's trend, either down or up.
Larger chart outlook for btc.d to get an idea where the yellow horizontal line / potential resistance coming from.
peace.