BTC Daily Analysis:
Price is moving in within descending parallel channel for 155days now
Price is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support).
It is also confluencing with 61.8% fib level (Golden Ratio)
It has also reached a long-term trendline support which is respected historically (except a recent fake break down).
A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)
Price is moving in within descending parallel channel for 155days now
Price is rejected from Channel top (resistance) and moving in short-term downtrend (acting as support).
It is also confluencing with 61.8% fib level (Golden Ratio)
It has also reached a long-term trendline support which is respected historically (except a recent fake break down).
A short term bullish setup until channel top can be taken (wait for green candle formation on hourly time frame)
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