BTC has been forming a descending channel since April 10th and has now completed this massive structure shown by the three touches, similarly to XRP as shown on my last post. When you look within the channel you can see the accumulation phase (highlighted in blue), then manipulation (highlighted in red) and finally (distribution)(phase 1). There has been a re accumulation from the top trend line back down to the Fair Value Gap at 26868.
BTC broke low, then broke high, then retested, along with a major apex where current price is while keeping the higher lows intact.
Every zone below current price has also already "filled".
This information may not mean much to someone who aren't as familiar.
But to those that count, I hope some part of this provided value to you.
I tried my best to lay out many reasons I believe BTC will soon be heading towards my upwards targets of 31500 34700 and 40400.
Although, this is a A+ setup in my books so it seems almost too good to be true, so i suspect some news will come amongst this rally.
Bitcoin has checked all of my boxes.
BTC broke low, then broke high, then retested, along with a major apex where current price is while keeping the higher lows intact.
Every zone below current price has also already "filled".
This information may not mean much to someone who aren't as familiar.
But to those that count, I hope some part of this provided value to you.
I tried my best to lay out many reasons I believe BTC will soon be heading towards my upwards targets of 31500 34700 and 40400.
Although, this is a A+ setup in my books so it seems almost too good to be true, so i suspect some news will come amongst this rally.
Bitcoin has checked all of my boxes.