BTC Hitting Resistance Before Next Leg Up

٦ أغسطس ٢٠١٩

Bitcoin has been doing remarkable well the past week, but now we see the confluence of the channel it's in and the resistance it's facing. The algo strategy that's being used is over 92% accurate and it's given a short signal on all time frames. I see some retrace down to the blue line (support channel bottom) and once it breaks out, we should see some significant movement. Overall i'm still very bullish for the long term, but for now take some profits and get ready for some good price action! Good luck and let me know what you guys think.