If we are to break this downtrend we need some serious confirmation. Looking at previous data it seems plausible that a 350ish - 300ish would be a range for the bulls to take in order to convince the market of a reversal.
Failure to breakout could result in some serious dumping, tread careful.
Komentarz
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Almost three years later, and this channel still holds true. Now that we have more data, here is a little updated line work:
impressive prediction - even the price channel fits accurately
flibbr
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Love those mma ribons
EasternPromises
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Damn, the timing is super accurate too.
faboose
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Thanks :), it worked out pretty well so far, if you look at this chart(tradingview.com/chart/BTCUSD/e4DDwPGU-Bitcoin-upward-pressure-building/) in the comments you can see how I built up to this chart. If this consolidation zone confirms, I have a nice follow up chart I will post, just playing the waiting game.