BTC USD 1d parallel channels
BTC USD pair is in the descending parallel channel since June 2019. Currently, we are near the top of the middle channel - T2.
If bulls reclaim T6/T7 channel the market is bullish. Otherwise, as long as we are below the T2 trendline, remain bearish with a target of $6100,.
Trades in the T1/T2 zone are high risk.
Good luck in your trading!
If bulls reclaim T6/T7 channel the market is bullish. Otherwise, as long as we are below the T2 trendline, remain bearish with a target of $6100,.
Trades in the T1/T2 zone are high risk.
Good luck in your trading!
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.