BTC in Bullish Channel
Updated
Congrats if you followed my last trade idea, both of my BTC and ETH trades are going exactly what I expected.
Let's take a look at what is BTC doing right now. Clearly, it has been trading in a tide bull channel for more than 2 weeks. It is a very bullish sign to me --
1. break upper channel could accelerate the price appreciation
2. break down the channel could result in consolidation or retracement.
So far the probability favors the bull
I will keep holding my long-term investment and swing trading until I see the bearish sign.
Let's take a look at what is BTC doing right now. Clearly, it has been trading in a tide bull channel for more than 2 weeks. It is a very bullish sign to me --
1. break upper channel could accelerate the price appreciation
2. break down the channel could result in consolidation or retracement.
So far the probability favors the bull
I will keep holding my long-term investment and swing trading until I see the bearish sign.
Note
Dont tell me you did not buy the dip....Note
For investor, nothing to worry about. For trader, based on your time frame, you can wait until the reversal signal or if break the key support, you can short.
formal education makes a living, self-education makes a fortune!
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