Eldtrades

BITCOIN could RETEST bearish channel AGAIN

COINBASE:BTCUSD   Bitcoin
Although BTC broke out of its consolidation stage, it could very well retest it for the second time
reasons why:
-rising wedge
-heavy daily and 4h macd bearish divergence
-Daily rsi bearish divergence

reasons why I'm not advocating to short:
-strong supports at around 9600-9700
- breakout target around 11k
- very strong uptrend
- already tested the channel once

This is not financial advice, please do your own research before opening a position

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