BTC 1h Ascending Channel breakdown confirmed
The price of BTC broke down from a bullish ascending channel.
Right now, it has a VPVR resistance at the 28550-28450 level range, which, if broken, leaves the price without significant resistance until 28000.
Trend waves are exhausted at the one-hour timeframe on my indicator at the bottom, so rejection is possible at this point, but the four-hour time frame is coming down strongly.
I'll call this neutral because depending on your trading style can be both bullish and bearish.
You know I'm looking for long-term shorts. But as always, I am aware of the trend. You should be too. 😊
Right now, it has a VPVR resistance at the 28550-28450 level range, which, if broken, leaves the price without significant resistance until 28000.
Trend waves are exhausted at the one-hour timeframe on my indicator at the bottom, so rejection is possible at this point, but the four-hour time frame is coming down strongly.
I'll call this neutral because depending on your trading style can be both bullish and bearish.
You know I'm looking for long-term shorts. But as always, I am aware of the trend. You should be too. 😊
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