BTCUSDT Return to the ascending channel

12 ก.พ. 2018

Pessimistic scenario was rejected, we have a lot of market recovering signs. The price managed to survive bear pressure. H&S pattern wasn't finished. At this moment the price should consolidate in the channel and if it bounces from $8500 level a reversal and further growth will happen. However it will be a fifth wave of growth and there is not enough volume to break the channel upward. After this will go a correction wave. In optimistic scenario the price will bounce from the trend or the support line. In pessimistic scenario it will be broken and we will see $7900 level again.