Bitcoin Working Through Channels
Image Source: Unsplash
There is no need for complicated indicators when simple price channels will do.
The trick is to have software to draw the parallel price channels with great accuracy.
We can see here (Chart 1) how two A-B-C channels are forecasting current price support and resistance levels.
Chart 1 - Bitcoin
(Click on image to enlarge)
More By This Author:
The Dow Is Going Higher
US GDP Recovery
Japanese Yen Cycle Review
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
