Here's a tutorial on how to trade bullish channel using price action.
So when we see price ranging in a channel, we suppose to trade as per breakout or wait for retest entry. Here in BITCOIN when price broke down channel support we'll wait for retest and when we don't see retest and simply price reverse here we'll plan for bullish entry and call it as bullish...
#BITCOIN 📈
As there's important news in market, from here we can see a good breakout and once breakout sustain above resistance zone of $46,000, we'll plan a trade for target of $52,000+ ☑️
After falling price here on Weekly time frame we can see lower wick rejection from 100 EMA as well as RSI lows are rising while Price falling showing a divergence . After seeing this we can see a possible upmove for +38% gains. Keep it on radar
BINANCE:BTCUSDT
