bitcoin trend channels since nov 2022

no Financial Advice: from my pov: We are sill in a longer term bullish channel starting Nov 2022, within that channel also in a smaller bearish channel starting from 14.04.2023. IF BTC manages to quit the long term channel, we might see 18-21k, or even lower. If not, we will continue the bullish channel up. I will have a look at Elliot wave and HUrst channels in the next analysis. Pls write your analytic opinion about it.

Yorum:

very important to observe the channels, once we break out of one of them, we will have a clear direction. imo the fact, that we are at the buttom of the bullish channel, once price exits the lower line and close on dayly chart there, btc will continue the bearish channel down to 18-21k, it also tested it once on May 12. - my personal trade path, always do your own research. I will post a details short term EW Analysis on this today.