I've watching BTC in this parallel channel. Yesterday it seemed like we might break down but it looks like we're bouncing right off of the 50 ma (in red). I'm remaining super bullish short/mid term as long as we stay in this channel.
Comment:
BTC is still looking good in the channel!
Trade active:
Observations:
The daily close outside of the channel (on April 17th) brought the whole market down. BTC finally posted a lower low on the RSI and had a nice bounce off of the support I drew at ~48500
The daily close outside of the channel (on April 17th) brought the whole market down. BTC finally posted a lower low on the RSI and had a nice bounce off of the support I drew at ~48500
