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Today I want talk with you about BTC chart.
Bitcoin fell down from 25k to 21k and now I think price will show at least upward correction.
For now price trades in something like flag/channel and this is bearish patterns.
But I think BTC must come to upward correction because now a lot of people open shorts and the market needs their liquidation.
And a hike up would be just the right event for short liquidations.
Target one is resistance zone 22400-22800$
And 2nd target is resistance zone above 24k 24000-24500$
So, I'm waiting for this scenario.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit!
From the chart you posted that channel is forming a bear flag pattern so I would advise to pull out of a bull position if price falls below 21k3 +/- today, 21k4 +/- tomorrow and so on. Curiosly I see an ascending triangle pattern on the daily so, conflicting patterns between the timeframes. Guess only time will tell.
Disclamer, I have a running short position on BTC.