Ali_Amini

BTCUSD channel

Ali_Amini Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
In my previous post, I mentioned the $9400 resistance price area. The second resistance is at the $9900 price area. A plausible scenario is for the price to try the channel resistance once more and if not successful to break the resistance, we should anticipate a sharp downward movement to the bottom of the channel.
Comment:
Analysis is still valid.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.