I use pure Price Action to analyze charts. As you can see BTCUSDT is in a down trend channel. The Channel can be broken by the market both upwards or downwards.When the market breaks the channel,we can determine markets's next targets on the chart. Hope it's helpful !
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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.