BTCUSD | Channel Update

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We got our Retrecement and now price is going to test the Resistance of the Local Ascending Channel + Channel.

If there is a confirmed breakout of the Channel to upward we can initiate a Long position. Also the price can take a correction to the Mid Line of the Local Ascending Channel. In this case we can initiate a long position if there is a confirmed retracement of this point

Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable!

Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.

The information given is not a Financial Advice.

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