Upwards trending channel with a slight bearish sentiment. OBS If we break the lower line, make sure to wait for conformation bounce and enter trade after we passes the bounce price.
I give it a about 70% chance to break down and 30% to break up because of the sideways trend bitcoin has established, also it fits the pattern with a small drop in prize.
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I give it a about 70% chance to break down and 30% to break up because of the sideways trend bitcoin has established, also it fits the pattern with a small drop in prize.
Follow me for more trade ideas.
Comment:
Forgot to say that we are training within a bigger horizontal triangle (Not drawn in this chart). If we break out of the channel, it can be a good trade to trade support and resistance in the triangle!
Trade active:
Please use risk management