BTCUSD some range or correction before next pump?

29 Mar 2021

we expected previous falling with sharing analysis like :

and then descending channel formed and we start looking for some short position with the channel that formed and again we expect this descending channel as bullish pattern too and boom breakout and price start to fly (we open some short position with tight and low stop loss beacuse channel breakout was expected too):

and now price start to rise , if price retest breakout or touch 0.61% of Fibonacci we will open long position as shown on chart .

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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