BTC USD 1d parallel channels
BTC USD pair is in the descending parallel channel since June 2019. Currently, we are near the top of the middle channel - T2.
If bulls reclaim T6/T7 channel the market is bullish. Otherwise, as long as we are below the T2 trendline, remain bearish with a target of $6100,.
Trades in the T1/T2 zone are high risk.
Good luck in your trading!
If bulls reclaim T6/T7 channel the market is bullish. Otherwise, as long as we are below the T2 trendline, remain bearish with a target of $6100,.
Trades in the T1/T2 zone are high risk.
Good luck in your trading!
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