BLdesign

BLdesign

With RSI still at 50 and third lower high, i believe we are in confirmed downtrend channel. first TP is somewhere in the resistance/support middle line along the channel.

BLdesign

I must admit that i Fu*ked Up because i forgot to set SL and i went short at 10.500 😒 But my analysis that i am counting on it, is that we are still in downtrend channel. Conservative TP: 8.400 / wishful thinking TP: 7.200

BLdesign

Crypto currency are effected by overall movement of stock market or DowJones index. Most active and leader of crypto pair BTC-USD and follower ETH-USD are in the time period before or in the middle of breakout. With the help from positive trend of stock market i believe both currencies pair will move bullish.

BLdesign

Both BTCUSD price chart pattern + RSI pattern shows signs of breakout, my bet is BUY, because support line is longer...