Hey there.
As I discussed previously, BTC/USDT broke the channel and I do expect a retracement to the $40k for many reasons:
1- 20-day moving average is there,
2- 0.618 of recent move in daily timeframe is there,
3- broken resistance line of channel hasn't been tested yet,
Based on that, I put an order on 40050 USDT for 0.25 of my exposure.
I hope you enjoyed this analysis and take a time to like and subscribe.
By the way, take a look at the channel I believe BTC/USDT perfectly and accurately reacts to. It is linked below.
Cheers.
As I discussed previously, BTC/USDT broke the channel and I do expect a retracement to the $40k for many reasons:
1- 20-day moving average is there,
2- 0.618 of recent move in daily timeframe is there,
3- broken resistance line of channel hasn't been tested yet,
Based on that, I put an order on 40050 USDT for 0.25 of my exposure.
I hope you enjoyed this analysis and take a time to like and subscribe.
By the way, take a look at the channel I believe BTC/USDT perfectly and accurately reacts to. It is linked below.
Cheers.
