We've identified Bitcoin to be in a descending channel and looks to be correcting for a move lower. We've seen similar patterns in the channel in early June where Bitcoin was in an ascending correction and broke down.
Recently we just broke out of another ascending channel. We are looking for entry opportunities to go short. Watching for retest of the 33.2K level to take this lower to atleast 30K.
Recently we just broke out of another ascending channel. We are looking for entry opportunities to go short. Watching for retest of the 33.2K level to take this lower to atleast 30K.