BTC decides to test lower channel
BTC has dropped out of the upper channel, and has established itself in the lower channel. BTC is still cooling off the daily RSI. Although I am expecting BTC to test the lower side of the bottom channel, I am still bullish long term. I'm looking at the bottom side of the channel as a buy zone. This is healthy consolidation. The range may seem massive, but as you can see it doesn't take long to move for BTC to the other side of channels. Don't use leverage when trading, and you will be fine. I'm still expecting a big move towards last quarter of year.
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.