BTC has been consolidating quite a while in this bullish channel. If it breaks out and we see a close under the channel, we can expect to see a short-term downtrend. If it breaks above the channel, a long position can be made and we should look to retest a new ATH as our target. Here are my targets for a short-term bearish condition. I await a close on the 4 hr underneath the channel. Afterward, profits will be taken at previous support
Will BTC remain in the channel? Only time will tell.
NOTE: This is not financial advice. Enter any trade at your own risk.
Will BTC remain in the channel? Only time will tell.
NOTE: This is not financial advice. Enter any trade at your own risk.
Trade closed: target reached:
Well that was fast