Bitcoin Confirmation and Building Upside Potential.

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Hello traders investors and community. There are some interesting things going on with BTCUSD I will discuss now.
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As you can see in my chart BTCUSD building upside potential after break-out of the downtrend channel .
Now it is time to confirm this channel, otherwise, BTCUSD could still turn downside.

When confirmed there are some good bullish upswings expected as you can see in my chart.
Possible targets are at 8100 - 8200 when we confirm the downtrend channel .

We see some good momentum and it is a pretty positive sign that we broke out of the downtrend channel .
You can see the legend for analysis in my chart and also the expected future targets.

I will look for a good LONG entry at 7200-7300 this can be a decent trade.

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Information provided is only educational and should not be used to take action in markets.

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Trading effectively is about assessing probabilities, not certainties.

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Information provided is only educational and should not be used to take action in markets.

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You can click on play to see the current price action...