Hello everyone, we're looking at the 3h chart of GBLC.
Per volume profile, the 0.12-0.15 area is very crowded. We have strong support there; it is holding despite BTC struggles. unless we have another offering, it would be reasonable to assume that this level will hold. When BTC resumes uptrend, expect a retest at 0.30 over/under (another crowded area). If and...
Daily channel and liner regression levels have not been violated yet. Both channels are nearly identical. If uptrend picks up speed, we would be looking at 80k in a few months. Thoughts ?
Bitcoin appears to be inside a channel; so far BTC respected the upper and lower levels of the channel.
if 55k holds, I would love to see a 75-80k breakout and then a 65k retest. What do y'all think
