Bitcoin update:
· Channel in formation (Macro TF)
· Key trendline acting as a support. If it's broken, the target is set at the channel's bottom.
· There's a huge gap on the CME around 7200.
· Channel in formation (Macro TF)
· Key trendline acting as a support. If it's broken, the target is set at the channel's bottom.
· There's a huge gap on the CME around 7200.
Comment:
Pullback done! Nice setup for a short
However, the breakout hasn't a lot of strength and we have not seen a pullback.