Bitcoin just broke up its linear regression channel trend that was going down from its ATH of 41k. However, this break up could be a bulllish retracement from a bigger trend that can continue to go down.
In my past idea, I considered a buying opportunity of 30k, which bounced quickly from here, so this could also be considered an opportunity to buy and at least gain a 5% from the retracement going up. The key is to watch this short-term channel and decide if it will continue to go up or down.
In my past idea, I considered a buying opportunity of 30k, which bounced quickly from here, so this could also be considered an opportunity to buy and at least gain a 5% from the retracement going up. The key is to watch this short-term channel and decide if it will continue to go up or down.
Trade closed: target reached