🔥 Bitcoin Channal Continuation: Strong Reversal
Last night we've seen a strong bearish move from Bitcoin. After hitting the bottom of the channel, it appears that we're currently facing a very strong bullish reversal.
Looking at the overall pattern on the chart, it's safe to assume we're going to see some bullish price action towards the top of the channel, targeting 33.5k - 34k over the next 48 hours.
During this period I'm expecting a strong rise from alts, since they've been hit quite hard over the last 3 days.
Happy trading!
Looking at the overall pattern on the chart, it's safe to assume we're going to see some bullish price action towards the top of the channel, targeting 33.5k - 34k over the next 48 hours.
During this period I'm expecting a strong rise from alts, since they've been hit quite hard over the last 3 days.
Happy trading!
Comment:
Strong bearish move from BTC at the moment. Might want to retest the lower bound of the channel, potentially falling through.
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