BTCUSDT SPOT

Bitcoin and the descending channel it consistently follows

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According to the UTC+3 time zone, there is a Bitcoin channel between the 23:00 and 03:00 candles on May 21, which uses the width of the channel (the yellow channel). If we copy the same channel and place it at the upper wick of the 15:00 candle on May 27, we get the green channel. Similarly, by copying the yellow channel and aligning it with the lower wick of the 03:00 candle on May 22, which is one of the first two white candles at the start of the channel, we get the orange channel. The blue channel, on the other hand, is my prediction. In addition, not only the 0 and 1 points (solid line) of the channels but also the 0.5 (short line), 0.25, and 0.75 (dotted lines) levels act as support and resistance.

Penafian

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