BTC still stills comfortably in the channel though the channel is to the downside.
we took a buy a the bottom and have set our stop loss to BE at this point. A break of the channel around 56K could mean this was just a pause before the breakout above.
Either way trade the downward channel carefully it is in consolidation either way.
we took a buy a the bottom and have set our stop loss to BE at this point. A break of the channel around 56K could mean this was just a pause before the breakout above.
Either way trade the downward channel carefully it is in consolidation either way.
Trade active
Did take the buy at 51K area, multiple positions on it. With the break of the top of the channel we see a large upside with a stop loss just above the march 26 close at 54K range.
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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.