Lesson Three: Price Channels and Practical Application on $BTC

Hello dear colleagues,

After discussing in the first and second lessons the importance of correction and retesting in market movement, today we will apply this concept to Bitcoin within price channels.

You remember my previous analysis of Bitcoin, where I indicated that the price is moving within an ascending buying price channel. As expected, the price had to undergo a correction and retest the level.

The important thing here is that the retest process in the ascending price channel occurs within the channel itself, specifically above the upward trend line (the upper trend of the channel). This means that as a trader, you cannot sell in this case. You must wait until the price reaches a support area within the channel.

In contrast, in the case of a descending price channel, you can sell at the correction when the price reaches a resistance area within the channel.

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