Get started
happyRhino68533

BTC Preparing itself for a possible BARR bottom

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
happyRhino68533 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Chart Patterns Bitcoin (Cryptocurrency)
4
2
chartpattern bitcoin
Self-explanatory. Currently, Isee a lower trend channel in BTC and we have formed a double top in the daily chart. The slope of the down trendline is approximmatelly 30 degrees. So a bump and run reversal bottom might be in play in #bitcoin. Hard to tell where the bottom will be when and, if, this actually plays out.
Trade active:
I think it might pullback to the 65 area. Looking to short it @ 64.800.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.