Bitcoin has been in this channel for months. Get out at the top, buy back at the bottom.
Now... we could drag along the top of the channel for longer or even break up out of it, but I am ready to load the boat l if it falls to the bottom of the channel and the flip-a-dee-doo-dah zone.
... I would do something like this...
Tempt the latecomers in, especially those stoopid Daily Mail readers.
Crap out a little, but look like a pullback...
... then crap out big time on some convenient "bad news". Jamie Dimon, where are you?
Et voila!... load up all over again.
Flip area on the daily, give or take 100 pips...
... we could turn at the top of the wick (107.50 area) or deeper at the candle body (106.80 area), which also lines up with an order block.
The main takeaway from that chart is future bias which could last for months.