BTC is moving in the channel and it is slowing down a bit around the upper side of the channel.
It is uncertain if it breaks out to the upside to enter the main trend channel.
However, MFI isn't so supportive to make that happen.
If channel break, It would reach 7K level, I have drawn it on my chart.
I don't have a position for BTC for now, but if it breaks out to any direction it would be a clear sign for making a long/ short order.
So it is a crucial moment for traders.
I am skewed to the short due to weak MFI.
It is uncertain if it breaks out to the upside to enter the main trend channel.
However, MFI isn't so supportive to make that happen.
If channel break, It would reach 7K level, I have drawn it on my chart.
I don't have a position for BTC for now, but if it breaks out to any direction it would be a clear sign for making a long/ short order.
So it is a crucial moment for traders.
I am skewed to the short due to weak MFI.
Comment:
It went up and now it is going down again. I am done with this fake breakouts.
Trade active
Trade closed: target reached