If you have been following you would know we have been expecting this channel to be playing out since the $11,150 high.
Currently at the EQ of this channel with the resistance point at the next major supply area near 11.4k . Expecting a major sell off at this area but in my opinion is not an area to short, only to take profit on longs. We can see bearish divergence beginning to show itself on the 4H time frame but will likely not play out until this upper level is reached.
This only represents what i believe will occur and not what will actually happen. There is no way of knowing exactly what will occur as any trade is only speculation. Nothing i say here is to be taken as financial or trade advice.
Currently at the EQ of this channel with the resistance point at the next major supply area near 11.4k . Expecting a major sell off at this area but in my opinion is not an area to short, only to take profit on longs. We can see bearish divergence beginning to show itself on the 4H time frame but will likely not play out until this upper level is reached.
This only represents what i believe will occur and not what will actually happen. There is no way of knowing exactly what will occur as any trade is only speculation. Nothing i say here is to be taken as financial or trade advice.