critical area for BTC
Will the resistance trendline of the descending channel stop the recovery? is the right shoulder going to complete the HS pattern?
I always tend to respect channels so unless we trade off the limits and gain some more steam I would probably bet on a correction.
If we break out the channel then we will go for a double top at least and probably will head to new fresh highs around 85k, matching with a fibonacci extension as well.
All the best for all those crypto traders.
I always tend to respect channels so unless we trade off the limits and gain some more steam I would probably bet on a correction.
If we break out the channel then we will go for a double top at least and probably will head to new fresh highs around 85k, matching with a fibonacci extension as well.
All the best for all those crypto traders.
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