BTC trading in channel and heading to the CME gap
Looks like BTC is in a channel, which will lead straight to the CME gap and then HOPEFULLY up again.
Also going through a BB squeeze and heading down, which supports this channel.
Also going through a BB squeeze and heading down, which supports this channel.
Note
It's now edging across the top of the channel, with nice volume contraction.Potentially it's made a double bottom and will now go up.
When everyone expects something to happen, typically it won't happen. The whales and everyone else know that everyone would be buying at the gap, so there's no point filling it because there's already implied support there. Wait for a breakout and re-test of the channel, IMO
Note
Yep!Note
fake out unless it bounces off the channel
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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.