Bitcoin Downtrend Channel Breakout

20 ביוני 2023

... and just like that I'm stopped out of my short Bitcoin trade as price bounces up and out of the downtrend channel. Time will tell if this is a true breakout or bear trap, but for now I have to respect the process and when the chart says to exit short trades I exit my short trades. Shift from bearish to neutral for now, will need to see a continued move higher this week to confirm trend shift from bearish to bullish.