Bitcoin near-term repeating pattern as we move up the channel

9 Mar 2021

Interesting pattern to note as we move up the current channel. A prior line of resistance and support around 55k is near the top of the channel and a brief sell-off would mimic recent price action. Whether that happens at 55-56k or whether we push up to 59k or beyond, I'll leave up to others to predict. But certainly it appears we are firmly moving up within this channel at this time.

Trade at your own risk.

10 Mar 2021

Not

And now?

10 Mar 2021

Not

So far not. We did hit the camarilla pivot on the way down and then reversed.