BTC consolidating uptrend parallel channel.
Within the upper channel a rising wedge, with a typical downside result.
Downside price contact to the lower channel support level and holding well so far.
Expecting further consolidation in the lower channel region during Sept period. Before a breakout towards the upper channel in Oct.
Within the upper channel a rising wedge, with a typical downside result.
Downside price contact to the lower channel support level and holding well so far.
Expecting further consolidation in the lower channel region during Sept period. Before a breakout towards the upper channel in Oct.
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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.