Bitcoin restst the down trend channel
Updated
On the 4h
The price reststed the down trend channel after broke out .
It try to break out the new down trend but last canadle with long wick !
We can look for the break out in the 15M timeframe.
If it work and the trading strategy as below .
SL: 22708
TP1: 24700
TP2: 25786
TP3: 26225
TP4: 26696.5
TP5: 28692
There is the down trend form the day chart ,so give it some respect!
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
The price reststed the down trend channel after broke out .
It try to break out the new down trend but last canadle with long wick !
We can look for the break out in the 15M timeframe.
If it work and the trading strategy as below .
SL: 22708
TP1: 24700
TP2: 25786
TP3: 26225
TP4: 26696.5
TP5: 28692
There is the down trend form the day chart ,so give it some respect!
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
Trade closed: stop reached
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