support and resistance - fib channell chart - drawn up at 16kI drew this chat when BTC was 16k. The fib lines tell the story.
Acending
Descending flag + Potential Shark I'm expecting price to push higher at least double the height of the flag once it breaks to the upside, I then expect wickoff and a sell at the c point of the shark then a nice drop down to the D point!
VET ascending channelWe wicked off the channel and have proceeded to rise. Now we need to back test the support for a run to the up side. we will find resistance at the 50% fib line that we havent been able to break 2 previous times. If we break this i would expect higher prices. I'm Not a financial adviser, make your own decisions....Thoughts?
Long bitcoin (still because everyone asking )Yes im still long btc based on buying the ascending triangle breakout . I LOVE BITCOIN MAN <3
