Bitcoin has sold off and is now trading at the bottom of an ascending parallel channel. This is also the area right above a key S/R zone. The most likely probability is that the market will move higher from here before selling off and breaking below the channel. I would feel more safe entering a long at these levels instead of a short. If you do long, manage your position size and use a stop-loss.
Let me know in the comments below where you think #Bitcoin will go.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.
Let me know in the comments below where you think #Bitcoin will go.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
Don't trade with what you're not willing to lose. Calculate Your Risk/Reward!
This is not financial advice. This is for educational purposes only.