my analysis shows it's been on a long downtrend for a long time, the channel could still hold the price though as you can see it's on the top of the decending channel at 0.5 fib and a well respected resistant, i'm short on it and my orders just filled, but i'm not risking on it too much since the channel is OLD enough to break and the market might go up according to BTC hope it goes well :)
Note
Eventhough i got stop hunted, but the bias is still validNote
My bias is still short, becasue we have both 0.618 fib + moving 200 above the price, can't say it has changed trend yetNote
No entries for now
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.
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.