BTC trading in channel and heading to the CME gap

7 Eyl 2020

Looks like BTC is in a channel, which will lead straight to the CME gap and then HOPEFULLY up again.
Also going through a BB squeeze and heading down, which supports this channel.

7 Eyl 2020

Not

It's now edging across the top of the channel, with nice volume contraction.
Potentially it's made a double bottom and will now go up.
When everyone expects something to happen, typically it won't happen. The whales and everyone else know that everyone would be buying at the gap, so there's no point filling it because there's already implied support there. Wait for a breakout and re-test of the channel, IMO

7 Eyl 2020

Not

Yep!

8 Eyl 2020

Not

fake out unless it bounces off the channel