On the one hour chart BTC is about to touch the trendline at 29 930.
The price is about to go below the consolidation channel which implies the break below is very likely.
The price is still trading below all the EMA's which indicates we are still in a downtrend.
My preference is short positions now to 29 100 a safe bet.
BTC is still in a long term up trend
The price is about to go below the consolidation channel which implies the break below is very likely.
The price is still trading below all the EMA's which indicates we are still in a downtrend.
My preference is short positions now to 29 100 a safe bet.
BTC is still in a long term up trend