BTC in BAD Situation

Updated
Considering the current channel we are in for Bitcoin, we have received a rejection from the upper band.

With the awareness that we are already on a trend, a resistance coming from the upper band of the current channel is squeezing us.

Considering the trend-based Fib levels, it seems inevitable that we will visit the $41,500 region.

It supports this situation at 200ma/4H.

Close to fuck, stay in love.
Trade closed: target reached
Nice profit.
Bitcoin (Cryptocurrency)breakoutBTCChart PatternsdowntrendFibonacci ExtensionFibonacci RetracementTechnical IndicatorsmovingavarageshorttrendTrend Analysis

Also on:

Disclaimer