AnsonA4

BTC/USD Short or Scalping Opportunity (not time to go long yet)

Short
COINBASE:BTCUSD   Bitcoin
BTC is moving in the same channel it has been for days. Until there is a clear breakout with volume, it is not a good time to go long. An opportunity may arise, however, if BTC bounces off the upper trendline of the channel and then tests the bottom. I don't short but will consider the scalping opportunity that arises if BTC drops to just under the 50K mark and support is found. If that happens, I would expect BTC to move back up to the upper part of the channel to take profit or to keep an eye on a real breakout. Good luck everyone!

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