Current Weekly Chart Channel on BTCUSD

٢٣ سبتمبر ٢٠٢٣

We can see the bottom trendline has held support thus far and the red double bottom neckline is holding wick support. Definitely key trendlines to watch in the near future. I could see it retesting the red neckline once the weekly 50ma(in orange) comes up to overlap it for double reinforced support. *not financial advice*

٢٤ أكتوبر ٢٠٢٣

ملاحظة

Just closed a daily candle above the channel. If we can close a couple weekly candles above the channel the channel’s breakout target will be around 38111.

١١ نوفمبر ٢٠٢٣

ملاحظة

Channel breakout confirmed very close to its 38111 target however it may exceed that.

٧ ديسمبر ٢٠٢٣

ملاحظة

Target hit and exceeded