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.