🔥 Bitcoin Finally Breaking Out After Months Of Selling?
BTC has been trading inside a bearish channel since we topped out at the start of April. Effectively, nothing interesting has happened for 2 months.
As of today, BTC is yet again testing the top resistance of the channel. This signal assumes that we're going to break out of said channel, making it a bull-flag break out. Please be patient for the break out to confirm!
With many alts trading around their 2023 lows, there's a lot of upside to be had in the alts, but for now we're looking at BTC.
Stop below the most recent swing low. Target placed at the 2023 highs.
As of today, BTC is yet again testing the top resistance of the channel. This signal assumes that we're going to break out of said channel, making it a bull-flag break out. Please be patient for the break out to confirm!
With many alts trading around their 2023 lows, there's a lot of upside to be had in the alts, but for now we're looking at BTC.
Stop below the most recent swing low. Target placed at the 2023 highs.
Comment:
Strong rejection from the top resistance. Signal is still valid, but less likely to be activated in the near future.
Comment:
After an initial rejection, break out is here!
Comment:
TP hit. Congratulations if you took the trade. Very decent Risk-Reward for a short period!
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