BTC/USDT : breakout from daily ascending channel, What now ?
BTCUSDTHello everyone😃
As I mentioned on my last analyze for BTC ( If any candle closed above 13850, will cause a bounce on BTC ) we had a bounce above 14K.
On my vision, its risky to do scalping now !
By the way on our technical view : We have another bullish crossover on Stochastic RSI at level 90, and now Bollinger Bands made more space for BTC to bounce again.
On other side we have divergence since 21th October.
These are most important Technical information that we have.
Now what is the BTC's Plan ?
- If current candle closed above channel it will cause another bounces till next resistance & order walls ( we have strong sell order wall on 14400 - 14700 zone ).
- If BTC reject to break and get back into channel, It will lead BTC to bottom of channel...
Also all of this pumps are for short-term, After USA presidential election. We might have some demonstration or worse like riot !!!
🔴 DO NOT TAKE ANY LEVERAGED POSITION NOW.
Buy option for BTC ( if candle closes above channel ) :
Entry : 14050 - 14100 $
Targets : 14400$ - 14700$ - 14900$
SL : 13650$ ( 3.5% )
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