It is clear on the 8H chart that BTC has been in a descending channel ever since May 19th. It had two fake breakouts down and one fake breakout up.
Now BTC is trending inside the upper range of the channel and retesting the median. And BTCUSD Shorts are tanking while BTCUSD Longs are nonstop growing up. As the weekend candle close is few hours away that is doomed to be a red candle for two weeks in a row, will next week give a chance to breakout upwards from this channel is yet to be seen.
Now BTC is trending inside the upper range of the channel and retesting the median. And BTCUSD Shorts are tanking while BTCUSD Longs are nonstop growing up. As the weekend candle close is few hours away that is doomed to be a red candle for two weeks in a row, will next week give a chance to breakout upwards from this channel is yet to be seen.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.
Unless you figure a way to make money while you sleep, you’ll work till you die.
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.