I believe that a breakout up from this channel will give me a good mid-long term trade. Stuck in this Bearish channel for a while now but if we can close above the top resistance line and bounce off in a retrace, we are going full on bull. On the contrary until we remain in it or even break through the bottom, I will have a bearish outlook.
Trade active:
I am bearish until we hit $4800-5000 price point based on the measurement of the previous descending traingle that broke bearish on 24th September. I will only be bullish on BTC USD once this price is hit or when price establishes itself above this channel.