BTCUSD Two Channels Updated
Evening everyone. In my last post I pointed out the $8900 resistance right underneath the 200 DMA and the convergence of the old down channel with newly forming up channel. Since then it seems the market has moved right along that path. IMO the market can ride the top of the old channel down to the bottom of the new one around $7600-7700 and still be in good shape.
If you FOMO’d in on the pump to 9k+, maybe consider holding your position to see where we level out and average it down a bit if price holds the bottom of the channel. If it doesn’t, cheaper BTC for us all before halving.
Good luck! Don’t get shaken out of your position prior to halving.
If you FOMO’d in on the pump to 9k+, maybe consider holding your position to see where we level out and average it down a bit if price holds the bottom of the channel. If it doesn’t, cheaper BTC for us all before halving.
Good luck! Don’t get shaken out of your position prior to halving.
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