We're just waiting for BTCUSD to create another big move either up or down.
If up, we're looking at the top of the channel, probably below 2,600. Then, we could either see BTC moving upward and out from the channel, or it could retrace to the middle of the channel.
If down, BTC could retrace just right above the demand zone at 3,000 and bounce back up.
If up, we're looking at the top of the channel, probably below 2,600. Then, we could either see BTC moving upward and out from the channel, or it could retrace to the middle of the channel.
If down, BTC could retrace just right above the demand zone at 3,000 and bounce back up.
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Looking good so far. We will soon see BTC going out from this pennant. I think that could happen during midnight Hong Kong time.
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3600 in sight. Indicators confirm the rise is legit.
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BTC is in a parallel channel
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Rising wedge here. We looking for an upward move or downward move once it breaks away from the wedge. Be aware of price action.
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Shall we breakout? If buying pressure is strong, BTC could break the top of this channel and move to the target.
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Rejected at the top of the channel. Could go to the bottom of the channel and move back up again