💰
#BITCOIN 7 YEARS CHANNEL
IMO
7 Years Long Channel is the most accurate formation on
#BTC we can rely on!
Let's Consider🔍
📈
Jul 2017 Bottom - Rise to the Channel's Top |
1031%
📉
Dec 2017 Top - Decline to the Channel's Bottom |
84%
📈
Dec 2018 Bottom - Rise to the Mid-Channel |
343%
📈
Mar 2020 Bottom - Rise to the Channel's Top |
1582%
📉
Apr 2021 Top - 55% Decline
📉N
ov 2021 Top - Decline to the Channel's Bottom |
77.5%
📈
Nov 2021 Bottom - Rise to the Mid-Channel |
377.5% (so far)
Additionally I would pay a close attention to the Mid-Line of the Channel🧐
• 2017 Breakout & Retest we are pumping further
• 2018 Plays as S/R Trendline breakout trigger further dump
• 2019 Rejection leads to a dump to the channel's bottom
• 2020 Breakout leads to further rising
• 2022 Breakout leads to further dumping
P.S I added support & resistance zone to the channel structure by using the earlies candle's closes, so it's more accurate.
Final thoughts: we are currently
bull flagging below the mid-line of the channel, which gives us an additional
bullish signal🐃 as mid-line serves a resistance and such patterns lead to the imminent breakout of the one!
Btw I like how zone between
0.618 fib &
0.786 fib serves a strong support.
$BTC IS DEFINITELY GOING ABOVE $100k🚀Mostrar más ...