BTC long setup if channel pattern does not break.
this is not financial advise.
this is not financial advise.
Comment:
So far the reaction on 1h chart looks corrective. We need some impulsive price action to the upside to stay in channel pattern.
Comment:
On the 4h chart, we can see a pretty nice bullish engulfing candle at channel bottom. If BTC can take advantage of this and trend higher, we might hold the channel formation.
moreover, macd on 1h chart looks oversold.