As previously confirmed, BTC has reached the top of the marked channel, swinging off a previously made HIGH. The rejection happened dollar-perfect from the previous LOW made during the last major dip. Volume continues to decline as the channel moves along a sloping support, but regarding the current market conditions, it is possible that we see yet another lower...
As we reach the top of the BTC channel formed over the past month and a half, we are staring down a barrel with the possibility to enter a MASSIVE SWING SHORT position if certain conditions are met. These conditions could be either trapped longs to fuel the way down to the 17000s or reentering the Value Area and price acceptance within. As price hovers at the...