BTCUSD - Monthly hides a lot of hints

I'm a fan of curve channels just because they are clearer and they represent a more fluent trajectory of the price which makes more sense, than linear lines (Sentiment isn't linear, pa isn't linear <waves>, so channels shouldn't be aswell).

And it still works - you can see on the monthly created a clear orange channel (curves are basically copy pasted from each other and wicks match pretty nicely).

But good news - price has broken from those two and created a clear second channel ! So if you copy that new channel based on waves's tops - you can see the area of confluence and actual retest at the strong support area.

It's there where you want to actually long short/mid term.


Good luck!