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since Aug 26, 2018
bitcoin
bitcointrend
btc
btcusd
candlestick
chartpattern
indicator
parallelchannel
trendanalysis
trendline
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Looks like BTC on the weekly has bounced off a level that makes a perfect parallel channel. My view on this is extremely bullish and of course it all depends on how the fed meeting goes on Wednesday... But if we bounce more here it's looking really good for a few months. All I need is the weekly candle to close strong for confirmation.
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Downward trendline has been broken. From here we hope to see Bitcoin regain the next level of resistance around $53k.🥂
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