Is this channel still valid? BTC

Bitcoin all time history index INDEX:BTCUSD

BlackBead

According to last idea I published yesterday –> we’re talking about “uptrend channel”. now price is lower than the bottom of channel, now what? can this still be an uptrend channel?
Well the answer is : ” it can be one, only if today’s daily candle closes above the 40 ,600 USD which is also 0.786 in Fibonacci Retracement! (did you see that?) so we can expect some support around price level”

I hope you enjoy this idea
Be safe and use SL Everywhere 😀

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