BTC is trading on a descending channel. The support is for long while the resistance is for short. Positions is to be taken immediately after the confirmation of any level. It will confirm like this till there’s a breakout.
Breakout to the downside is more likely than to the upside.
Breakout to the downside is more likely than to the upside.
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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.