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Coinathlon
May 2, 2020 6:10 AM

BItcoin descending channel Short

Bitcoin / United States DollarCoinbase

Description

Feel free to challenge my TA and/or give your view on the subject.

- Descending channel, which stood for 11 months
- BTC kissed the top of the channel. Will be interesting to see what the weekend brings and whether or not we"ll see a breakout. This would signify the end of the downtrend.
- Volume is consistent, but we'll be needing more for a breakout.
- Expecting a return to the center of the channel, or (preferably) a further retracement towards the "Cheap BTC zone"
- Not expecting this to happen before the end of june.
Comments
transparent-fx
BU will be interesting to follow, my view
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