Hello traders,
Bitcoin is in a ascending channel, which usually is a bearish pattern, however, Bitcoin has proven to broke up thoose before, so we can't really predict where it will break, however, we can predict the pattern it has made, and predict the next target at the top of the channel.
This would be a low risk trade, with a stop-loss just below the line of the ascending channel, this is to avoid any drop of the ascending channel.
Trade with caution.
Bitcoin is in a ascending channel, which usually is a bearish pattern, however, Bitcoin has proven to broke up thoose before, so we can't really predict where it will break, however, we can predict the pattern it has made, and predict the next target at the top of the channel.
This would be a low risk trade, with a stop-loss just below the line of the ascending channel, this is to avoid any drop of the ascending channel.
Trade with caution.
Trade closed: stop reached