Bitcoin looking to settle into the midterm channel?
Updated
Bear trend line not broken yet and I don't think it will be, but it would be cool either way. Looks like we are staying in the midterm channel and likely will consolidate to smaller swings before going north to break the channel a little bit down the road.
My opinion as another furry faced asshole on the internet. Not a pro
My opinion as another furry faced asshole on the internet. Not a pro
Note
Why do I say that is not a bull flag: because it is expanding. Those nearly always break south. If anything it looks like a continuation pattern to the south.What about this chart makes me think this: We approach the resistance of the bear trend top line with this expanding flag This point is important. If we break it many will jump back in and raise the price. This not-a-bullflag is also on approach to (not shown) .61% fib retrace level. All these converging in one volume dropping over last two days make me think a big move is coming.
-FFAOTI
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