BTC Trend Channel, Long or Short?
Bearish trend: touch 42000 level and resistance at Green Trend Channel(45000)
Bullish trend: touch 52000 level and support at White Trend Line, then go to Green line at 60000.
Since Bitcoin is in consolidation on the green line, it can be said that the setup for a short position is in progress if it breaks the bottom of the line and goes down.
However, a positive outlook is expected if the white trend line remains intact.
Rather than taking a position yet, it seems better to wait until btc break the trend line or two trend lines meet.
Bullish trend: touch 52000 level and support at White Trend Line, then go to Green line at 60000.
Since Bitcoin is in consolidation on the green line, it can be said that the setup for a short position is in progress if it breaks the bottom of the line and goes down.
However, a positive outlook is expected if the white trend line remains intact.
Rather than taking a position yet, it seems better to wait until btc break the trend line or two trend lines meet.
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