Bitcoin Bearish Channel or Bull Flag?
After yesterday's sell-off, Bitcoin is regaining some lost ground. The reversal makes me thing about the reversal we saw after the last sell off; quick with lots of volume.
The main area of resistance, assuming bullish pressure will keep on, will be the 35k area. This because it's a round number, but especially because it will be around the area of the top trend line, making the channel complete.
At the moment, I'm edging towards the bearish channel set-up. Bitcoin needs to correct after going 10x in a year. On the other hand, if the price were to pierce through the channel top trend line, we might see the channel evolve in a bull flag, potentially launching us back to 40k.
Happy trading!
The main area of resistance, assuming bullish pressure will keep on, will be the 35k area. This because it's a round number, but especially because it will be around the area of the top trend line, making the channel complete.
At the moment, I'm edging towards the bearish channel set-up. Bitcoin needs to correct after going 10x in a year. On the other hand, if the price were to pierce through the channel top trend line, we might see the channel evolve in a bull flag, potentially launching us back to 40k.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.