DrDovetail

per senior lodensteins request I've added the downward channel

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BITFINEX:BTCUSD   Bitcoin
Senior Lodenstein politely mentioned that my falling wedge should be a downward channel instead...and while I was aware of the downward channel I hadn't bothered charting it yet because I've been more focused on both the weekly falling wedge and the 1 day bull flag at the moment so Ieven though I think that both the falling wedge and the descending channel are both going to be validated I decided to humor him and put it on my chart....even though I knew the channel was there I didn't realize that not only was this a downward channel but it is actually also a massive bull flag on the monthly chart...in fact the breakout target for this monthly bull flag is over 19k as long as we trigger its breakout no later than the beginning of December...so thank you Senior lodenstein for suggesting I focus more on the channel...I had no idea that channel was a massive monthly chart bull flag until I took a look. One thing about downward channels to is they have a very high probability of breaking upward instead of down so as long as we can break up from the current 1 day bull flag retesting the ATH by December 15th is still very much a possibility.
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