BTC direction coming soon hopefully
I would like to see BTC continue to follow the purple channel up, but there is some congestion around the blue circle here...orange resistance, 200EMA, and that blue horizontal resistance. I will be waiting for a break above the blue horizontal line before entering, and exiting at the top of the purple channel.
If we close below the purple channel I will be looking to short to the lower blue support line I have drawn here.
If we close below the purple channel I will be looking to short to the lower blue support line I have drawn here.
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