JayBigTree510

BTC breakdown targets

COINBASE:BTCUSD   Bitcoin
BTC price action along descending channel. Self explanatory... bull trap bear trap bull trap bear trap... don't get trapped... Although it really just a liquidity grab long term holders buying up supply just wait for momentum reversal if long. If short top red line has been a great place to short....Price action has been getting less volatile and trading within a tighter range... looks to be a big move coming..... Check funding rates on perpetual contracts and pricing compared to spot to get a better idea of reversal..This is not investing advice... don't get rekt.. I am guessing at least a bounce to 50 ema around the 46k-48k range.... but who knows?? haha only the market is correct just try to be correct with it. Happy trading...
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