BTC multi year channel on log scale
Updated
BTC seems to be in a multi year trend channel on the log scale.
If it repeats 2017-18 pattern we might expect this current downtrend potentially continuing all the way down to 45k before seeing a reversal, with a final peak in the 250-300k range
If it repeats 2017-18 pattern we might expect this current downtrend potentially continuing all the way down to 45k before seeing a reversal, with a final peak in the 250-300k range
Note
Lower target hit pretty much spot on, lets see if second half of the prediction holds true too.Note
BTC saw a 50% retraction rather than the 35% I was looking for.Don't think it's over yet tho, still pretty confident this is just the "halfway mark".
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