- On a Bitcoin / Tether 4 hour frame, bitcoin stuck at the top of the ascending channel ( yellow colour )
- It tested 5 times to cross but failed so far.
- I see obvious triangle channel at the moment which may end in 3 days.
- If trend follows the formation we may open short position
- Otherwise, any breakout from yellow channel will give us $8000
What do you think ?
This is not a financial advise, please trade with your own knowledge.