BTC In Ascending Channel... But For How Long?

9 Mei 2020

I feel like the chart speaks for itself:

- Golden Cross on 4h (pending golden cross on daily)
- Ascending channel, retesting the midline now. Could see a retest of the top of the channel before a pull back
- halving hype
- Massive volume spike (buying) on dump to 3.8k

Now, with all this in mind we have to consider, people are up ~155% right now. We could see a pump to 12k where people are up 200%, at which they are bound to be taking profits, if they aren't already now.
Also, the day of the halving may result in a dump, we could see a small downtrend for a few weeks to a month after the halving before small miners capitulate.

So what I'm saying is.... BTC is going up or down.
I just think its gonna go up a little more first and then down.

19 Mei 2020

Catatan

Looking at this ascending channel inside of the descending channel. We're on our way to testing the descending channel, and if we break it..... god daym