I just noticed something on the 1hr timeframe, a possible new channel formed, hoping bitcoin respects the support of the channel as drawn up, prediction is still bullish for me, hoping for the best anyways
we saw the break out of the trend and the BTCUSD touched 31000 followed by the current pullback which is still riding above the 20 moving average. thus im still expecting it to go as planned and hit our target of 32000. im monitoring it for the next 2 hours coz i feel the next 2hours will be key as to how far up we shall go
Bitcoin formed that channel and still respectected the horizontal support level below it, thus if it breaks out above the channel resistance line then we should expect a bounce to 31000 again
BTCUSD is still respecting its support horizontal line on the 1Hr time frame, so i have planned out waht i do expect as the outcome for the next few days to come .
