As you can see.... we've been stuck inside this channel for.... FOREVER! (at least is feels like forever) If we don't break out of this channel here, we're going back down and continuing the trend that we've been in. I'm praying that this breaks out of this channel so we can start to make some serious gains.... but I DOUBT that will happen. So I would be taking a short position here if I wasn't in the United States... lol Enjoy guys.
This is for information purposes only. Do not make an investment based on what i post here.
@ItsAlanna, the cloud is acting as resistance in this case, meaning were PROBABLY going down... Now, if we do go up and break above the channel resistance, we should start to see more bullish sentiment
philrego
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use CyberGhost VPN and bitmex. Agree with chart. I havn't been looking at the channel. Another factor that has me concerned is that longs are at an ATH BTCUSDLONGS tradingview.com/chart/3nficyuF/