BTC is drawing the downtrend channel again

26 thg 6, 2023

1H

- Currently, the BTC is very bullish, so it cannot go down much and is taking a side step instead of adjusting. We've faced short-term downward trendline resistance, and we'll probably go down a little and then break through again.

27 thg 6, 2023

Ghi chú

It came down near the bottom of the channel but rebounded on support for the uptrend line.
It's constantly moving sideways, but it's likely to break through the top of the downtrend channel again.

My long view remains the same if BTC keep the $29500.

27 thg 6, 2023

Ghi chú

Breakout

28 thg 6, 2023

Ghi chú

After breaking through the downtrend channel yesterday and reaching the first TP, rising around $500, it came back inside the short-term downtrend channel but rebounded again with support for the blue uptrend line. And drawing a short-term falling wedge pattern (purple triangle) and currently breaking through the top of the wedge and rising.
Like the blue trend line, triangular convergence is underway at the same time, and as the lateral movement has been prolonged, the possibility of further increase is high.

30 thg 6, 2023

Đóng lệnh: đạt mục tiêu

Up Over $800, Final TP Reached