The BTC one hour time frame is in an up channel. The market is near the bottom of the channel but is still below the short term down trend line. It will be a good idea to wait for the market to break and close above the short term down trend line before looking for long ideas.
Entry: Counter trend line break bullish above the bottom of the channel.
STOP: In the sell zone
LIMIT: 47785
Once or if the market enters into the buy zone. It will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long opportunities.
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