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Shorting Bitcoin to $39,500
The 10 Day Uptrend on Bitcoin has been broken twice. The first time it was reclaimed. The second time has not been reclaimed. Also the last tap of $43,400 ish tagged the Bottom of the Uptrend channel and the Top of the Downtrend channel. This adds to my confidence of that being the Local Top.
The number of touches of the Parallel Channel indicates both it's accuracy and it's strength. It's important when considering when the Trend will change. The more touches the better.
The number of touches of the Parallel Channel indicates both it's accuracy and it's strength. It's important when considering when the Trend will change. The more touches the better.
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