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dontdaytrade

BTC trading in channel and heading to the CME gap

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
dontdaytrade Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Technical Indicators CME gap BTC Bitcoin (Cryptocurrency) Parallel Channel
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trendanalysis chartpattern indicator cme gap btc bitcoin parallelchannel
Looks like BTC is in a channel, which will lead straight to the CME gap and then HOPEFULLY up again.
Also going through a BB squeeze and heading down, which supports this channel.
Comment:
It's now edging across the top of the channel, with nice volume contraction.
Potentially it's made a double bottom and will now go up.
When everyone expects something to happen, typically it won't happen. The whales and everyone else know that everyone would be buying at the gap, so there's no point filling it because there's already implied support there. Wait for a breakout and re-test of the channel, IMO
snapshot
Comment:
Yep!
Comment:
fake out unless it bounces off the channel
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