BTC FULL ANALYSIS [GYAAN FAN & DESCENDING CHANNEL]

16 Jun 2021

Chart shows a descending channel and a gyaan fan comprising the series of candlesticks and patterns since the onset of the last bullrun. Btc still continues to follow the channel with a surprise breakout of the descending triangle,the current move seems to be a retest at 37k zone which was the previous resistance. A successful restest will ratify an uptrend to 42k while the opposite which is a close inside the triangle would signify a fakeout which could take us back to 29-32k support zone, if support is lost then the last bottom (20k) is near. If an uptrend to 42k follows and closes above the descending channel then i'd could say its the end of bear season. My believe and critique clearly insinuates the positive result on btc is guaranteed, it could be the best time to stake your favorite coins because for every rising wedge there'd be a downfall back to the key level(support) where it was being bullish. We have reached the key support level at 29k and its about time we see a new trend. Be advised this is NFA but my what i concieve on btc. I'd appreciate your opinions on my critique and your likes too. Follow me for more helpful contents.