Been following this setup for a while and it seems it was good not in predicting the exact BTC move but in providing some estimation of the next move that's what most of the models do.
8000 level is the lower bound of the channel and it should hold up and this is where EMAs are stacked up.
Still such a fall just before halvening was surprising but you prepare yourself for surprises :D
Expecting a bullish move from here, with more money pouring in, BTC is bound to move up.
8000 level is the lower bound of the channel and it should hold up and this is where EMAs are stacked up.
Still such a fall just before halvening was surprising but you prepare yourself for surprises :D
Expecting a bullish move from here, with more money pouring in, BTC is bound to move up.