BTC Leave the down trend channel
Hello
in this quick update i want to mention that BTC is going out from the Down trend (Red channel), and retest it in multiple way to see if it can behave as new support, if that happen we can see the start of a side way trend or maybe an uptrend channel.
Volume: the volume was quite low inside the down trend (in red) especially after the big fall of BTC, thats because a lot of trader sell in the top, and they wait a new opportunities, so i believe that Pro traders, and traders with big budgets will invest again in BTC after it made a clear up-trend, or at least prove that it is going out from the down trend channel.
Future: Nothing is sure, BTC can retest, play around the up line of the down channel (red channel), or maybe goes up or down; but by takin in account the big head and shoulder (Yellow H&S), we can tell that a new up trend will be created for BTC, for it can reach the projected price which is $17600
Happy Trading
BTC
in this quick update i want to mention that BTC is going out from the Down trend (Red channel), and retest it in multiple way to see if it can behave as new support, if that happen we can see the start of a side way trend or maybe an uptrend channel.
Volume: the volume was quite low inside the down trend (in red) especially after the big fall of BTC, thats because a lot of trader sell in the top, and they wait a new opportunities, so i believe that Pro traders, and traders with big budgets will invest again in BTC after it made a clear up-trend, or at least prove that it is going out from the down trend channel.
Future: Nothing is sure, BTC can retest, play around the up line of the down channel (red channel), or maybe goes up or down; but by takin in account the big head and shoulder (Yellow H&S), we can tell that a new up trend will be created for BTC, for it can reach the projected price which is $17600
Happy Trading
BTC
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