Hi everyone
Bitcoin price is still moving into a descending channel so expecting a bull trend is not logic yet.
we can expect more downward pressure after a very short term corrective wave upward ( if happens ).
but I think BTC can find it's bottom soon my read area on the chart is our potential key support zone.
Strategy?
as long as the price is moving into the channel we just track the price action without any blind entry.
lets see what comes after.
Enjoy the market
Bitcoin price is still moving into a descending channel so expecting a bull trend is not logic yet.
we can expect more downward pressure after a very short term corrective wave upward ( if happens ).
but I think BTC can find it's bottom soon my read area on the chart is our potential key support zone.
Strategy?
as long as the price is moving into the channel we just track the price action without any blind entry.
lets see what comes after.
Enjoy the market
Note
new analysis can watch here
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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.
Related publications
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.