As a chartist with 45-years of experience, I have found that spindles create more confusion than they clarify. Boundary and trendlines, IMO, should be drawn in a way that most accounts for the support and resistance in a chart construction. Accordingly, BTC is bumping up against significant channel resistance on a daily chart. This boundary line has turned prices down since Jun 2019.
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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.