BTC is currently trading at a crucial descending channel.
We can see that previous upper-descending channels were nicely respected.
Moreover, BTC candle has not been closed above the previous low.
Fakeout / Swing failure pattern expected.
We can expect more down / correction with a target of 47,200.
We can see that previous upper-descending channels were nicely respected.
Moreover, BTC candle has not been closed above the previous low.
Fakeout / Swing failure pattern expected.
We can expect more down / correction with a target of 47,200.
Trade closed: stop reached:
Price broke trendline at 49k