Here we are looking at BTCUSD Daily on the Daily TF…
Last week we talked about Bitcoin trading within this ascending channel, and how this formation was a bearish structure. At the time of my initial post, I said to expect BTC to test support, and ultimately shared my belief that BTC would break through the ascending channel support.
Currently, BTC has broken down from the ascending channel, and is re-testing previous support as new resistance. IF Bitcoin fails to get back into the channel structure, I expect a move to $18,000…
What do you think BTCUSD will do next? Let me know in the comments!
Cheers!!
Last week we talked about Bitcoin trading within this ascending channel, and how this formation was a bearish structure. At the time of my initial post, I said to expect BTC to test support, and ultimately shared my belief that BTC would break through the ascending channel support.
Currently, BTC has broken down from the ascending channel, and is re-testing previous support as new resistance. IF Bitcoin fails to get back into the channel structure, I expect a move to $18,000…
What do you think BTCUSD will do next? Let me know in the comments!
Cheers!!
To see my exact trades:
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/