Continuation of Pattern? Or Change of structure?
2024-10-02

I have two possible playouts here, that I am looking and preparing for.

Option A - We either bounce off the mid-point of the current downwards Parallel channel, and start ranging between the two channels shown, before breaking to the upside - This would be confirmation for me, of a bullish play and change of structure.

Option B - We continue the pattern that has been in play since March, continuing the downwards parallel channel.

Option C - Not shown, but breaking below the channel, and going further lower - Doom and gloom BTC...

These are my predicted plays, that I am watching, and will update once I have confirmation of the next move from BTC.