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amirahmadipouya

BTC in descending channel

BTC Perpetual Futures Contract (BINANCE:BTCUSD.P)  
amirahmadipouya  
BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
Trend Analysis Harmonic Patterns Technical Indicators Bitcoin (Cryptocurrency) BTCUSDT Cryptocurrency crypto
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trendanalysis harmonicpatterns indicator bitcoin btcusdt cryptocurrency crypto
As Bitcoin just dropped, it formed a descending channel, that the lower band is rejected once

As of right now RSI is in Oversold territory.

Still as we said before, by holding 43000$ we may have a minor correction till 47600$, but as long as Bitcoin is in the channel, please do not expect any bullish trend

Trade carefully

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