This is what I think ...
There is not enough strength to break this descending channel, so BTC possibly going to complete the C wave of Elliot pattern and it can be 100%, 161.8% of wave A, or 161.8% of wave B.
but if price can break the trend line and pass this strong resistance it could be a good entry after the pullback, nevertheless make sure that it isn't bull trap.
Be careful and don't forget about risk management.
~good luck all~
There is not enough strength to break this descending channel, so BTC possibly going to complete the C wave of Elliot pattern and it can be 100%, 161.8% of wave A, or 161.8% of wave B.
but if price can break the trend line and pass this strong resistance it could be a good entry after the pullback, nevertheless make sure that it isn't bull trap.
Be careful and don't forget about risk management.
~good luck all~
Trade closed manually
Broke the resistance, ...
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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.