BTC has broken bearish channel resistance on daily chart.
Generally in those situations the most common outcome is that the price action returns back to the channel first and forms new low, and after that it can flip and change the trend or it can resume the bearish move.
Anther possibility here is that we are entering range in are between 75k and 87k.
In, short I do not recommend buying at the moment. I would like the price at lower levels before I make new long entry.
Generally in those situations the most common outcome is that the price action returns back to the channel first and forms new low, and after that it can flip and change the trend or it can resume the bearish move.
Anther possibility here is that we are entering range in are between 75k and 87k.
In, short I do not recommend buying at the moment. I would like the price at lower levels before I make new long entry.
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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.