BTC on the 2 monthly, time to move up
Here is the 2 monthly BTC chart. I have plotted the highs and lows as shown in the circles. I have plotted a parralel channel showing the hits to the high and lows which also shows the uptrend and downtrend lines.
Right now we are as low as we can go now on this channel, to go any lower would totally alter the course. I think this is a new bottom. I predict from here we will go up into the higher channel lines.
It is also worth noting that we are also on the spider line which is a confluence worth considering.
I expect the DXY to run out of steam , thus making way for the next BTC bull run.
We may get new ATH or we could go up and head back down again to the bottom channel line ? or we could pump and break new ATH. Maybe 17500 level was a double bottom for BTC, would make sense.
Right now we are as low as we can go now on this channel, to go any lower would totally alter the course. I think this is a new bottom. I predict from here we will go up into the higher channel lines.
It is also worth noting that we are also on the spider line which is a confluence worth considering.
I expect the DXY to run out of steam , thus making way for the next BTC bull run.
We may get new ATH or we could go up and head back down again to the bottom channel line ? or we could pump and break new ATH. Maybe 17500 level was a double bottom for BTC, would make sense.
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