$BTC: Confirmation that the bottom is behind us
hello
Weekly, two identical channels attached to each other, give me some important notes:
1- The closing of the upper peaks of Bitcoin did not go beyond the mid-line of the upper channel, explicitly and consistently.
2- The price fell sharply after the top, reaching the middle of the first channel, and then it fluctuates for several weeks (accumulation area).
3- This center line represents the bottom line
4- After that, the price starts sharply (discharge area) to reach the channel line, breaks it up and swings there, then corrects until 0.618 Fibonacci alignment with the line connecting to the top of the small top that preceded the big top.
5- Then it goes strong until Reaching the mid-line of the upper channel, which has become the TOPS line for Bitcoin, was not breached frankly and was not proven, and the price went back down and restarted the cycle again.
6- We are now at the middle of the first channel, is become the bottoms line for Bitcoin.
7- Also noting the MA7 line, on the second top it gave a higher top than the first and today it looks like it is forming a higher bottom>>>>
Ascending Path Guide.
8- I believe we have crossed the bottom.
what about you?
Weekly, two identical channels attached to each other, give me some important notes:
1- The closing of the upper peaks of Bitcoin did not go beyond the mid-line of the upper channel, explicitly and consistently.
2- The price fell sharply after the top, reaching the middle of the first channel, and then it fluctuates for several weeks (accumulation area).
3- This center line represents the bottom line
4- After that, the price starts sharply (discharge area) to reach the channel line, breaks it up and swings there, then corrects until 0.618 Fibonacci alignment with the line connecting to the top of the small top that preceded the big top.
5- Then it goes strong until Reaching the mid-line of the upper channel, which has become the TOPS line for Bitcoin, was not breached frankly and was not proven, and the price went back down and restarted the cycle again.
6- We are now at the middle of the first channel, is become the bottoms line for Bitcoin.
7- Also noting the MA7 line, on the second top it gave a higher top than the first and today it looks like it is forming a higher bottom>>>>
Ascending Path Guide.
8- I believe we have crossed the bottom.
what about you?
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