Bitcoin in a small channel on the 1h
Bitcoin has formed a local channel where the white rectangle represents the resistance in the local channel and the lower red->green rectangle represents the channel support.
Breaking above the resistance should lead to a test of a fib retracement back to 28.6k, from .618 or higher and up to 100% retracement or beyond (leading to a bullish continuation in the larger timeframes).
*Edit*
Of course just after creating the post, we suddenly come down to test channel support :P
Breaking above the resistance should lead to a test of a fib retracement back to 28.6k, from .618 or higher and up to 100% retracement or beyond (leading to a bullish continuation in the larger timeframes).
*Edit*
Of course just after creating the post, we suddenly come down to test channel support :P
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.