I don't have a lot to say about this. The channel wasn't my idea i saw someone else post it on a trading group, but I thought I'd share as I think it's a better fit than the rising wedge many people are drawing now as it suits btc's current trajectory better in my opinion, and leaves out the high volatility that followed from the March crash. Also we already fell out of what many were calling a rising wedge on the 27th March so it doesn't seem as optimal to me to be drawing a new larger rising wedge over the previous one.
I can't offer much of a opinion on where we head in the short term, though I'm not really expecting a close below this channel, and I'm still bullish af long term.
I can't offer much of a opinion on where we head in the short term, though I'm not really expecting a close below this channel, and I'm still bullish af long term.