BTC/USD - SHORT Has Priority. Detailed Analysis.

At the moment the price is located above the support of the big channel and above the support of the tight channel. There is only one question: where the price will be fixed, above the big channel's support or below it (rectangles with green and red arrow).

• If the price fix inside the big channel (green rectangle), the next movement would be upward to the gree level. After reaching it, we would be able to think about the further BTC movement.
  
  
• If the price fix below the support (red rectangle), the next movement would be downward. Target would be the support of the decline channel. In case we break it too - BTC would be able to drop lower to the zone of $3000-$3200.
  
  

At the moment, it is worthwhile to put sell orders as high as possible, because now the priority is SHORT.
Until we rise above the MM level ($3620), it is not reasonable to consider LONG.

I strongly recommend reading the previous idea on ETH/USD.
If you like this idea, do not forget to put Like and subscribe to the profile, so as not to miss the update.

Comment:

Comment:

Comment:

Comment:

Trade active