Here's a longer idea based on the last idea I posted. This is the daily chart showing the downtrend we have been in for several months. If bitcoin can break out of the top of this channel ($6,400+) and close there, I will start a more bullish outlook. At the moment, I am still bearish and expecting a drop to $4,800-$5,000 in the next few days/weeks. Another great...
We're still fighting within this downtrend channel. Will be interesting to see what happens! That was a great pump bitcoin got to push it towards the top of the channel but if it cannot break above and close above that channel, we will be going back down. Another bart pattern after testing the top of the channel once more? Let's find out!
Idea for a short BTC scalp. 4% profit if successful with a tight 2% stoploss. You can set stop loss tighter if you want. I still feel the market is bearish overall and this is a very quick flip move
Couple wedges forming. Will be interesting to see what happens. We're still looking bearish short-mid term but there may be some upside in the next few hours. This is just to see how long it stays within these wedges. Predicting it to break on the downside. Not financial advice.
