Don't Change That Channel Part 2

2024年11月22日

I did not make the first channel high enough. So, this is an update. I threw in an auto pitch fork that seems to validate the thesis.

We did take a run out the top of the channel and the shorts pushed the price back inside our seemingly durable path. Let's see what happens.

2024年11月26日

註釋

After the false breakout the price is firmly back inside the channel. The underlying bitcoin is still bullish despite some profit taking by sellers holding 6-12 months. When that selling subsides, the upward move is likely to resume.