BTCUSD long-term uptrend channel (2018 update)
I'm seeing the long-term log uptrend channel as having two 'lanes' and have updated my charts to reflect this, by adding a dashed 50% centre line which has historically acted as support/resistance.
We are now within this channel, and the recent swing high was a test of the top of it, with the 14 day consolidation period scraping up the 50% line.
Note the recent similar backtest of the dashed downtrend from the highs to the 2014 action..
We are now within this channel, and the recent swing high was a test of the top of it, with the 14 day consolidation period scraping up the 50% line.
Note the recent similar backtest of the dashed downtrend from the highs to the 2014 action..
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