Bitcoin BTCUSD - HaS potential and rising channel
We are currently in an rising channel, with head and shoulders potential. RSI trendline is broken on 12h / 1d chart. We can get rejected from the POC level of the volume profile and then dump - this can be nasty, because bitcoin is getting rejected from the POC level pretty often and then massive dump follows.
If this channel breaks to the downside, that will be very bad for the bitcoin price.
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If this channel breaks to the downside, that will be very bad for the bitcoin price.
If you find this interesting, please hit the THUMB UP button and follow me for more interesting ideas.
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