Bitcoin Trend Channels Could Help Predict The Path Of The Rally
I have removed the angles used to create each channels for easier visual digestibility, but uptrend and downtrend channels are based on the same angle. If Bitcoin were to be entering an impulsive phase, there is a strong probability that it follows the same trend angle, making this channel a possibility. I am publishing the content to see if Bitcoin follows this path in the future.
CoinChartist is run by Tony "The Bull" Severino, CMT, a technical analyst fascinated w/ Elliott Wave Principle, Hurst Cycle Theory, W.D. Gann, Japanese Candlesticks, & other classical charting methods. Visit coinchartist.io for free TA education!
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