During the sideways movement, Bitcoin formed a downward channel. The price is near the lower boundary of the descending channel. When trying to break through the channel, trading volumes increase. I expect that with fixing above the lower border of the channel, the price may reach the resistance level.
The chart is not so good, as is the idea lacks in general. But the risks are quite high right now. I wonder what your risk-management strategy is for this trade?
AtlasTrades
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I love this method, thank you for great BTC/USD idea !