BTC big ascending channel
Updated
In big ascending channel. Breakout to upside from this channel would be really bullish sign and lead to parabolic upside action. But if this resistance line holds, we could see retest of support line of this channel. Ascending channel is BEARISH figure and have more chance to break down, sooner or later...Inside of this channel we can see smaller rising wedge which is also BEARISH figure, and also have more chance for downside movement. Beside technical things, 50K is psychological boundary, and breaking this level could lead herd to FOMO in, and therefore moving price up. Watch these levels, for further BTC direction...
Note
Btc on support line of our small rising wedge... the question is will it hold or fall through? What do you think?Note
If this rising wedge break target get reached, we will see break of that big ascending channel also... That I wouldn't call a BULLISH sign...
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The boost would help also...
Doors are now open to my free Telegram channel.
Welcome!!
t.me/CryptoBarbecueChannel
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