BTC long setup - long opportunity at channel bottom.
Updated
BTC long setup if channel pattern does not break.
this is not financial advise.
this is not financial advise.
Note
lower term timeframe 1h decision time. candles sitting on support waiting for volume to push higher or drop out of the channel to the downside.moreover, macd on 1h chart looks oversold.
Note
So far the reaction on 1h chart looks corrective. We need some impulsive price action to the upside to stay in channel pattern.
Note
On the 4h chart, we can see a pretty nice bullish engulfing candle at channel bottom. If BTC can take advantage of this and trend higher, we might hold the channel formation.
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