Current Weekly Chart Channel on BTCUSD

2023年9月23日

We can see the bottom trendline has held support thus far and the red double bottom neckline is holding wick support. Definitely key trendlines to watch in the near future. I could see it retesting the red neckline once the weekly 50ma(in orange) comes up to overlap it for double reinforced support. *not financial advice*

2023年10月24日

註釋

Just closed a daily candle above the channel. If we can close a couple weekly candles above the channel the channel’s breakout target will be around 38111.

2023年11月11日

註釋

Channel breakout confirmed very close to its 38111 target however it may exceed that.

2023年12月7日

註釋

Target hit and exceeded