As we can see, the price has breakdown through the ascending support of the triangle with the flat resistance, which means that the up-trend was broken and now is forming a horizontal channel.
The point from where we can start looking for any reversal pattern is located at the 0.0003060 level, until this level we can consider opening SHORT, but remember not to enter short here if you LONGBTC, cause the correlation between these two assets is 93%.
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.