Hey there.
After Bitcoin got rejected from lower channel resistance line and 20-day moving average, it made a surprising return to upper channel! So, $39500 is would be my entry point for a long position and a stop-loss below 4H Bollinger band would avoid getting trapped.
If you got interested in accuracy of channel, I have linked to that so you can check it out.
I hope you enjoyed this analysis and if so, please like and consider subscribing.
Cheers.
After Bitcoin got rejected from lower channel resistance line and 20-day moving average, it made a surprising return to upper channel! So, $39500 is would be my entry point for a long position and a stop-loss below 4H Bollinger band would avoid getting trapped.
If you got interested in accuracy of channel, I have linked to that so you can check it out.
I hope you enjoyed this analysis and if so, please like and consider subscribing.
Cheers.
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