Here's why I think it would make sense to visit $85k BEFORE the big bounce:
If we draw a Parallel Channel, my $83-87k Reversal Zone coincides with the Bottom of the Channel 👌
So if/when we reach it, all the moontards will be screaming 'look at that channel, we've hit the support and now we're going for an ATH 🚀🥳'
And we certainly will bounce from that level, but instead of making a new ATH we'll just print a lower high and then break below the Support 📉
That Channel would be a perfect trap for the moonboys.
Post #12229
21.6K
CryptoBullet Looks like there's some liquidity at $85k 🧐 Perfectly matches my $83-87k #BTC Support Zone (Reversal Zone)
