BTCUSD is going to kick down the door?
You can see that the price is testing the upper descending trendline. I interpret the pricemovement as following:
The price is making higher lows, this means that the BTCUSD pair is strengthening. The more it knocks on the door(door=upper trendline), the more likely it becomes that BTC breaks to the upside and kicks down this door. It'll be important to keep an eye on the movements.
It is less likely that the upper trendline resistance gets rejected, but if so, be prepared for a perhaps larger correction. But don't hold tight stop losses!
The price is making higher lows, this means that the BTCUSD pair is strengthening. The more it knocks on the door(door=upper trendline), the more likely it becomes that BTC breaks to the upside and kicks down this door. It'll be important to keep an eye on the movements.
It is less likely that the upper trendline resistance gets rejected, but if so, be prepared for a perhaps larger correction. But don't hold tight stop losses!
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