BTCUSC trading in a ascending channel (consolidation) from the big move down a couple days ago. It's at the top of the channel so good short opportunity on the 30 min chart. Ultimately this pattern usually breaks down to lower lows so long term may be a good short and or play the short and long in the ascending channel only.
Hello. So in this bull cycle bitcoin has had small and large breakouts along the way. The prehalving breakout was the largest one, but eventually price returned to mean. I think we are witnessing another breakout, that may not be as big as the pre halving breakout, but a breakout none the less that will eventuall return to mean.
Guys don’t get distracted with the lower timeframes. The weekly chart is still correcting itself from the move up. I think we see 28k-30k again or lower.
But this possible breakout of 40k is lookup likely.
ETH is close to lower line of ascending triangle. We saw 3 times test of 200ema in triangle and 4 times test of 100ema. Those 4x 100ema testing showed weakness of bullish trend in ETH imo. So ETH should back over 100ema at daily chart ASAP or will test 200ema and that would be dangerous for ascending pattern which we see now.
Short ETH? If we break 200ema at...