Lets look for reasons not to enter.
1. There isn't any strong presence of bulls.
2. We're still within the channel.
3. BTC.D hasn't shown weakness in the short term as yet.
All valid reasons, and until we can cross those out, there shouldn't be an entry. And if you're already in, if we dont cross these out within the next few candles, then it might be time to plan an exit strategy.
Bearish in nature, however, we're approaching the main Trend Line, on strong support, and also nearing the end of a BB @ 2.5 STD. All factors which will suggest a long opportunity soon.
1. There isn't any strong presence of bulls.
2. We're still within the channel.
3. BTC.D hasn't shown weakness in the short term as yet.
All valid reasons, and until we can cross those out, there shouldn't be an entry. And if you're already in, if we dont cross these out within the next few candles, then it might be time to plan an exit strategy.
Bearish in nature, however, we're approaching the main Trend Line, on strong support, and also nearing the end of a BB @ 2.5 STD. All factors which will suggest a long opportunity soon.
Note
We need the rejection off the TL and also from the broken triangle structure. 
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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.
Related publications
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.