BTCUSD is in its 3rd inside week after testing both the top and bottom of the downtrend channel.
I had proyected an 11 week downtrend using Tim West's time at mode methodology.
Once this timer expires, I expect price to travel up and kiss the top of the downtrend linear regression channel.
What happens next is hard to determine, but the safest bet will be a short position for the time being.
Definitely a crucial time for BTCUSD.
Stay tuned for updates.
I had proyected an 11 week downtrend using Tim West's time at mode methodology.
Once this timer expires, I expect price to travel up and kiss the top of the downtrend linear regression channel.
What happens next is hard to determine, but the safest bet will be a short position for the time being.
Definitely a crucial time for BTCUSD.
Stay tuned for updates.
