Hi again, wanted to update about BTC as patterns have changed but the general trend remains the same. We are now underneath the support we have been bouncing off of for the past 2 months and the moving averages have finally caught up. Weekly has closed under a major support, 2D is under the 200 EMA, 4hr 20 EMA is about to cross the support which will be the nail in the coffin. The trade is to short the retest (currently happening) and tp at the midline of the channel (predicted). A break of the channel upwards cancels the trade.
Comment:
I should mention that buy/long entries should be taken at 22k which is the next major support since there will likely be a generous bounce.
