brypto

Teach

I've had a few requests for a Bitcoin chart so here's a look at the daily timeframe.

Bitcoin has been in an epic battle between bears and bulls and is at an absolutely critical point. Analysts across the world are currently arguing over what might come next in the short term future.

What I have been watching since November 2021 is this large gold parallel channel. 

We broke back into the channel in Nov 23 and then confirmed it as support in Jan 24. Once support was confirmed we saw a beautiful 94% run up to $73k in March 24 before we spent the next 8 months fighting over the midline of the channel.

In Nov 24 the bulls finally emerged victorious and broke us out to the upside with another 65% run up to our all time high of $109k.

Zooming in we can see that since November bulls and bears have been slugging it out over holding the top of the channel and this has created a megaphone pattern with higher lows as well as higher highs.

Come on bulls, you can do it!

Reclaim that 200 day ema! 🔥

A student of life. I trade things. Here to help you make better decisions. I read the chart, I do not predict the future. Founder of the /teach channel.

Crypto & web3 enthusiast, an experienced #FPL manager and wine enjoyer.

I go where the chain takes me. ⛓️

Let’s turn this in the right direction again