Bitcoin 4H chart has a Bearish break.
Weekly candle closed with a bearish candle
So we have two targets $36,300 ,$33,000 or last month's support
There's a 4HBeOB and BMS also RTO which looks valid and may be the best entry for short.
There's also the 1HBeOB .
Starting with an uptrend, price action reacted to it trading it as a bullish channel.
Then there's a downtrend, which has dragged price down for a new monthly support
inside it is a ranging channel in which a breakout should act on soon then we'll trade the bearish channel as expected.
Just an idea of what i think will happen
A bearish triangle is formed in a downtrend which was confirmed on higher Timeframes indicating that it's a strng bearish signal for shorting ETCUSDT.
The green marked out lines are my area of target, i'm open to any correction from anyone.
thank you.
