BTC looks to have found support at 56.6 area, and is now beginning some sort of upside movement.
Stoploss is at the bottom of the channel and take profit is at the top.
BTC regained strength and went up 62% without any major corrections since the 20th of July and it just printed its 4th weekly green candle in a row, indicating a possible short term correction to be under way
On the 4H time frame we can see that it made higher lows after higher lows, so if BTC revisited the 45.3-45.1k area the streak would break, similar to what...
Ethereum had a 12 green day streak with a very steep trendline supporting from below, but in my opinion it is very likely to break to the downside in the next few days.
You could alternatively wait for confirmation(for the trendline to break), but the R/R is fairly good so might as well start averaging your short in.
It is very much possible for ETH to go up to...
BTC had a really good week but the RSI indicators are showing overbought levels on a lot of timeframes.
If the trend line breaks we may be looking at $36k in the next week to come
