The price reaches a resistance of the weekly chart so it is more likely that it wants to rest before continuing to rise and that rest is the one that I will take advantage of to negotiate in the short. Furthermore, I have noticed that the attached daily chart gives us divergence, which means that the probability of falling increases. So let's see what will happen.
The price is in a bearish channel on the 4-hour chart. The price just touched the bottom trend line of the channel and supports it. The price is also supported by a previous support that can be seen on the daily chart. Seeing this, I think the upside probabilities may be higher so my position is long.
On Monday I posted BTCUSD short. It has not yet been decided which direction it will take, but we can see that it has formed a pennant. Two things can happen. If it breaks above, it is more likely to be a bullish trade. If it breaks below, the short will be more likely. Stochastic shows us quite a bit of divergence which means that the downward probabilities...
Price is on a bullish channel on the weekly chart and is now touching resistance on the channel's bullish trend line. If the price returns to the resistance of 1607, I will enter shorts. I'm going to keep an eye on the value to see if it offers entry. All are odds.