Bitcoin challenging upper boundary of 7-month channel

12 ม.ค. 2020

As a chartist with 45-years of experience, I have found that spindles create more confusion than they clarify. Boundary and trendlines, IMO, should be drawn in a way that most accounts for the support and resistance in a chart construction. Accordingly, BTC is bumping up against significant channel resistance on a daily chart. This boundary line has turned prices down since Jun 2019.