Descending channel and bounce of 0.618 fib level.

2021년 8월 27일

BTC looks overall bullish despite the descending channel. BTC is still holding above the 200 Daily MA and the 50 and 100 daily MA have a bullish cross. The bounce off the 0.618 level could be an indicator for a channel breakout but I will be waiting for greater movements above the channel resistance and a confirmation bounce off the channel

2021년 8월 27일

노트

Solid looking breakout! Waiting for retest of old channel

2021년 8월 28일

노트

BTC may not retest the old channel if it breaks the next fib level completely