jimo79

When to enter long for Bitcoin? Descending channel

POLONIEX:BTCUSDT   Bitcoin / Tether USD
I'm not entering until we break the upside of this channel and the 8HR and 12HR stoch RSI hit the bottom and turn upwards
Comment: I should readjust the channel to include the two upper wicks, but either way, the channel seems to be rejecting the current reversal. Wait for a close above and we might push upwards to 10800
Comment: 10650 more likely actually to complete the H&S pattern. From there is anyone's guess. I'd say bearish again
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