BitcoinShort
BTCUSD - Rising Channel Breakout Be Confirmed?
20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
If today can close outside the rising channel.
The breakout should be re-tested, and if successfully rejected,
a deeper correction is possible.
I deeply appreciate you taking the time to study my analysis and point of view.
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends: (Away from charts)
It will be prudent to give your mind, body and soul a good rest, to recharge for the new upcoming exciting year!
How I see it:
If today can close outside the rising channel.
The breakout should be re-tested, and if successfully rejected,
a deeper correction is possible.
I deeply appreciate you taking the time to study my analysis and point of view.
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