KellyBacile
Short

BTC ready to correct

POLONIEX:BTCUSDT   Bitcoin / Tether USD
Bitcoin             has been in a logarithmic channel with a clearly defined resistance, support, and median line . Bitcoin             is at the top of this channel. The RSI is overbought and shows a bearish divergence. This indicates a downward trend.

There will be support at the median line , providing a good entry point for trades. When it finally breaks this line, Bitcoin             should drop to the bottom of the channel and hit a fibonacci retracement support line, most likely the 61.8%. This will be a good entry for long trades. 3000 will be a strong support (fibonacci, previous ATH             , psychological barrier).

There is a possibility that Bitcoin             will attempt to break through 5000 and tap the top of the channel again. If this happens, it shouldn't pass the 5150-5250 range. The selloff will be rapid, so be aware.
trade active ? Looks horrible atm according to your chart
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Brilliant! Could be a symmetric triangle, could be like last time. Either way, measurement is around 38% 39% pullback.
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