Almost go time. Which trend channel will BTC respect?
Hello TRading view community, I hope this post finds you in good spirits.
After a short period of indecision BTC/USDT Seems to be at a crossroads. While we have recently been in the green parallel uptrend moving back toward $12000 the failure to reach the top of the channel has created a situation where a bearish trend channel has also been formed by the more recent part of the price action.
There is however not a lot of time left wherein BTC can exist in both channels and a crossroads is nigh. Either we breach above the red channel reaching just shy of $12500 or we break down from the green channel approaching $11000.
Thanks for your time guys , hope you get something of value from these amateur ideas. Trade safe. Likes and comments are always appreciated.
After a short period of indecision BTC/USDT Seems to be at a crossroads. While we have recently been in the green parallel uptrend moving back toward $12000 the failure to reach the top of the channel has created a situation where a bearish trend channel has also been formed by the more recent part of the price action.
There is however not a lot of time left wherein BTC can exist in both channels and a crossroads is nigh. Either we breach above the red channel reaching just shy of $12500 or we break down from the green channel approaching $11000.
Thanks for your time guys , hope you get something of value from these amateur ideas. Trade safe. Likes and comments are always appreciated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.