BTCUSD 06/11

If Bitcoin makes back it into the short trend-channel, it should go pretty well, at least for the next 10-20 days until the top of the short trend-channel or long trend-channel is reached. There is an important area and it really depends on which trend-channel continues. If the long trend-channel continues, I can see a new ATH coming in the next weeks/few months after the short trend-channel was retested. Otherwise, if the short-channel continues, it means that we could also reach another lower low. If we reach a lower low even before getting into the short trend-channel, it’s still not worth panicking because the blue long zone hasn’t been touched yet during the whole correction. In this case we would need to update the analysis and predictions.