This happened a lot faster than I thought it was going to. I have been following this parallel channel on the 1 week of the BTC chart since 2021 so my original thought was that this would be the top for bitcoin this run since it was 2 times before. Now this is simply following the chart and ignoring all the noise and media that it is garnering. However, as you can...
As you can see, if you take a step back BTC is in a channel that I drew a few years back. Depending on how long it takes to get there I think we will see ranging between where we are at and 80-90k BTC before we test the lines and either break back down or explode to the moon somewhere.
FRONT looks to me like it is in a chanel and has just double bottomed off the bottom of that chanel bottom. Not financial advice but the top of that chanel is 280% up. It took from October until now to complete the double bottom so if returning to the top is in a similar amount of time we are looking at 5 month return unless we see some steep growth.
I am looking at a looong decending line of resistance fighting it out with with a horizontal line of support that is coming to a head. If the line of support is broken I will be selling to then buy back around the previous level of support at .40 USD. If however the line of resistance is broken I expect a pump back to near all time highs and I will just continue...
