Based on a log channel I show much more of in the related post below, BTC Logarithmic Pitchfork Channels (Bullish), and assuming Bitcoin needs a lot more time to consolidate, I could see us dropping down to channel 3, and possibly even a brief panic sell dip into 4. There are many ways we may get down there, as illustrated but the mess of arrows, but I think the trendlines of the pitchfork along with the wedge's top and bottom will serve as lines of resistance and support and we make our way down.
Personally, I'm bullish on BTC, but you can read much more about this "bearish" outlook in my main post,The "Bearish" Case For Bitcoin
Personally, I'm bullish on BTC, but you can read much more about this "bearish" outlook in my main post,The "Bearish" Case For Bitcoin
Kommentera:
Just checking back on old Ideas and I see in this one, shes really struggling to stay in the channel. fingers crossed
