When to enter long for Bitcoin? Descending channel

Bitcoin / Tether USD (POLONIEX:BTCUSDT)

Updated

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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