BTCUSDT - Descending parallel channel forming
* BTCUSDT has broken down below the ascending parallel channel it was in on the daily chart
* And appears to be forming a descending parallel channel on the 4-hourly
* Can it re-enter the original channel?
* I'll give it a 40% probability that it will, and 60% that it will not (either go sideways or down the new parallel channel).
* However, neither are good odds, and it is more prudent to just hodl.
* And appears to be forming a descending parallel channel on the 4-hourly
* Can it re-enter the original channel?
* I'll give it a 40% probability that it will, and 60% that it will not (either go sideways or down the new parallel channel).
* However, neither are good odds, and it is more prudent to just hodl.
Trade closed: stop reached:
Superseded by latest answer on BTCUSDT.
* BTC.D is also dropping.
* LONG ENJUSDT, LRCUSDT and DENTUSDT--which are on the cusp of completing their cup and handle pattern--if BTCUSDT breaks 51K.