Horizontal correction and the possibility of flag formation
In the Bitcoin Chart update, at first glance, we see Bitcoin involved in a major uptrend channel. And in the minor bitcoin channel it seems to be horizontal correction in a rectangle.
If the rectangle fails, a trend change is formed on either side.
Due to the proximity of the Kijonsen to Tennenson line and the deformation of the "from smooth to ascending" and the shape of the future cumo cloud and proximity to the bottom of the canal, I think failure will occur from above and as I said in the previous analysis, the flag pattern will form and increase The price is up to 60,000 dollars.
In trends, horizontal correction is the best type in correction and shows the strength of the process.
If the rectangle fails, a trend change is formed on either side.
Due to the proximity of the Kijonsen to Tennenson line and the deformation of the "from smooth to ascending" and the shape of the future cumo cloud and proximity to the bottom of the canal, I think failure will occur from above and as I said in the previous analysis, the flag pattern will form and increase The price is up to 60,000 dollars.
In trends, horizontal correction is the best type in correction and shows the strength of the process.
