BTC is currently trading at a crucial descending channel.
We can see that previous upper-descending channels were nicely respected.
Moreover, BTC candle has not been closed above the previous low.
Fakeout / Swing failure pattern expected.
We can expect more down / correction with a target of 47,200.
We can see that previous upper-descending channels were nicely respected.
Moreover, BTC candle has not been closed above the previous low.
Fakeout / Swing failure pattern expected.
We can expect more down / correction with a target of 47,200.
Trade closed: stop reached
Price broke trendline at 49k
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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.
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.