BTCUSDT Channel Top Retracement Possibility
Updated
Bitcoin is just above midway to the channel upper resistance. The 4H candle is building a doji, and with the weekend coming we could see an extended downside to 45k. There's a strong chance of continuation, so a break with rising volume could indicate a run to 50k, where another short would start.
Note
This current range may carry on for a while. Watch this movement for indications of a breakout.Trade closed manually
After both trades averaging in, I entered at 49200, and exited my final share at 48500. Instead of playing with destiny I rather walk away with a profit in hand. If you're still short, 44k is still in play, but a bounce is more likely as it goes lower.
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