BitcoinShort
BTC breaking out of upward channel to the downside
BTC on the 8h has been trading in a series of higher highs and higher lows forming an upward channel in the process, but at the time of writing BTC is currently breaking out of this channel to the downside.
If BTC closes below the channel on the daily this increases the probability of lower prices to come for BTC
There stands a possibility of this move being a fakeout but if not then its probable that price could make it down to the red zone (support) and potentially even lower
Happy Trading
If BTC closes below the channel on the daily this increases the probability of lower prices to come for BTC
There stands a possibility of this move being a fakeout but if not then its probable that price could make it down to the red zone (support) and potentially even lower
Happy Trading
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