BTC Long or Short

BTC seems to be moving in wider green channel and then short blue channel.

Blue channel is where BTC had been moving in since last one month. If it break down then we might looking at 40k levels.

Blue support line and then lower end of green channel to provide support to sustain upmove.

Risky traders can consider trading channel.

Trade active:

40K level arrived......Blue support line being approached and should offer support.
Till the move is contained in Green channel, we continue in upmove...Favored view

If we enter Orange channel, then deeper correction is expected

Comment:

Approaching upper end of small horizontal orange channel which should provide support ~ 33K. Around 30K another support might come in. Sentiment expect bounce around 30K level. Expect it to remain outside bigger slanting orange channel. If we enter that then we might see insane lower levels.

Comment:

Upper end of Slanting orange channel holding and providing support so far. Wait and Watch!

Comment:

Entered Slanting orange channel 19600 support to be watched for.

Comment:

17300 low made but still not out of woods till it closes above 21500 short term , above 28K+ revisit for long