Feel free to challenge my TA and/or give your view on the subject.
- Descending channel, which stood for 11 months
- BTC kissed the top of the channel. Will be interesting to see what the weekend brings and whether or not we"ll see a breakout. This would signify the end of the downtrend.
- Volume is consistent, but we'll be needing more for a breakout.
- Expecting a return to the center of the channel, or (preferably) a further retracement towards the "Cheap BTC zone"
- Not expecting this to happen before the end of june.
- Descending channel, which stood for 11 months
- BTC kissed the top of the channel. Will be interesting to see what the weekend brings and whether or not we"ll see a breakout. This would signify the end of the downtrend.
- Volume is consistent, but we'll be needing more for a breakout.
- Expecting a return to the center of the channel, or (preferably) a further retracement towards the "Cheap BTC zone"
- Not expecting this to happen before the end of june.
