BTC analysis. Is this this the time to short or long?
Since the rally started after Oct 2000 we have been noticing volatility in BTC prices. From Jan 2021it has entered into a disjoint channel. Prices went from point (A) to point (B) forming the channel and then it came back to point (C) in June 2021. It reversed its direction to make ATH on Nov 2021to point (D). From there it again turned direction to touch the bottom of the channel, which might be the recent low of this week [we can take it as point (E)]. If BTC doesn't break the bottom line of the channel then it is expected to touch point (F) on the upper range of the channel ,which can happen around the first quarter of 2023 making a new ATH for BTC. Hopefully if the analysis is correct then the next All Time High is going to be 80K or more. Hopefully going long is a good idea now.
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