Monthly channel on BLX
I decided to see what happens when you anchor the bottom of the channel to the starting point of bitcoin at .01 cents. What I noticed is this tendency for bitcoin to stay in the upper part of the channel as much as possible. It very rare dips far below, and when it does, it gets bought up immediately and hugs the fib line again. The other thing I noticed is that when your in the white spice of that top part of the channel, it’s been essentially straight up. If this continues to occur, the top of the channel is at 318k, like Citibank predicted. This is a 10,000% increase from the low of 3180.
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