BTCUSD chart validation update

6 באוג׳ 2021

A big up or down day such as today can easily invalidate a chart. Zooming into the most recent recent part of the chart I've been documenting, we see the peak price of the day exactly kissed the range high trend line and was soundly rejected. BTC remains within the range predicted by the chart. The slope of downtrend line predicts this is the last day we visit a price as high as $41,400 before the end of the year. We are currently in a down-sloping channel within a larger symmetrical triangle that closes at the end of the year in the mid $20,000 area, at which time the intersecting longer term trend line would seem to send BTC to new all time highs (see previous posts for larger term views of same chart). I am documenting the validity of this chart as it progresses for my own education, it is not intended for investment advice. Feel free to comment any disagreements you may have with chart.