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algo average bearish bias bullish clouds divergence entry exhaustion exit long moving movingaverage orderblock oscillator parallelchannel pivot range reversal ribbon scalp short smooth swing switch trend trendanalysis trending volatility Less Tags Show All Tags
Bitcoin break out or rejection?
XBTUSD.P
, 1D
Short
XBTUSD.P: Bitcoin break out or rejection?

I still find Bitcoin to be stuck in a HTF down trend channel leading back from the high mid to late last year. I understand some fundamentals at play with the halving coming up and the Hash ribbons indicator indicating the minors are accumulating again but on a technical stand point of view where we are now just seems like the idea position to trap a lot of retail...

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