Coinstreet

BTCUSD jumped back in channel

BITFINEX:BTCUSD   Bitcoin
lets see if BTC can break out of this channel. Go with the direction of the break.

You can also use the channel to get in as you can see in the price action on this chart. (we go below, you can short the top, it goes above, get in on the dip back to channel et cet)

With the daily chart showing some bullish divergence and the RSI having reached record lows we might see a continues push here.

I am just playing the channel until we have a break so adding to my longs if we break up, and adding to my short if we break down.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.