BTC - Short Term Chart Looks Interesting? Catch The Retrace!

Looking at BTC 2H chart, looks like a clear downward compressive channel.

Could be a nice shorter term play into the next retrace - as I don't believe the correction is over QUITE yet.

But we're close. So play the range because it's so clear and make some money while we wait for the next big adventure to moontown.

評論:

Our shorts and longs also support this outcome. We see we haven't gotten a drop in shorts yet, indicating we've got more downhill in the cards. BUT we are rapidly approaching our previous stopping point which marked the last market bottom.

Longs appear to be trending upwards once more after a plateau, I expect this to really take off during the capitulation as shorts close and longs reopen.