Price is once again re-testing the top of the descending channel where it has been rejected three times already and the stochastic indicator is also giving a sell signal. As long as price continues to respect the top of this descending channel the btc short bias remains valid. Target is still 5-6k.
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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.