Hi everyone,
BTC seems to start breaking out in the lower trend channel and we might see a retest of the previous support zone.
However it depends which trend line we use, that's the catch -» we can draw trendlines in different ways.
If BTC holds the trend channel then we should grind our way up to newer highs.
If BTC is in a bearish rising wedge, then we potentially see a break out of the wedge to the previous support zone before moving our way up.
Still bullish on BTC just that we might see first a lower correction before seeing new AHTs.
Potential to go short however better opportunity to buy.
Kind regards,
Noel
BTC seems to start breaking out in the lower trend channel and we might see a retest of the previous support zone.
However it depends which trend line we use, that's the catch -» we can draw trendlines in different ways.
If BTC holds the trend channel then we should grind our way up to newer highs.
If BTC is in a bearish rising wedge, then we potentially see a break out of the wedge to the previous support zone before moving our way up.
Still bullish on BTC just that we might see first a lower correction before seeing new AHTs.
Potential to go short however better opportunity to buy.
Kind regards,
Noel
