BitcoinShort
BTCUSD Short-Term Reaction
Looks like BTC is in an ascending triangle at the top of an upward parallel channel. Within this pattern, BTC has broken a short-term uptrend within a larger downtrend. My analysis says this will likely go down to retrace a bit, before making a decision to go up into the upper-channel resistance zone, or to make a bigger move downwards.
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Having success in your trading journey? We'd love to hear about it in our growing community. I love making new tools and innovating for retail traders that hope to achieve financial freedom. Check us out at DripTrade.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.