BTCUSD Trading in a Narrow Channel | Potential Bullish Reversal
Introduction to Trade Step-up:
Bitcoin essentially saw its value to almost half in just a month. Now price has been trading in a short-term bullish channel ever since.
Trade Step-ups:
Bullish Reversal: Price rejects a breakout from final support of the bullish channel. Profit levels to look for are 4400.00 & 4600.00 respectively.
Bearish Breakout: Price breaks final support of the trend, look for consolidation below 3900.
Bitcoin essentially saw its value to almost half in just a month. Now price has been trading in a short-term bullish channel ever since.
Trade Step-ups:
Bullish Reversal: Price rejects a breakout from final support of the bullish channel. Profit levels to look for are 4400.00 & 4600.00 respectively.
Bearish Breakout: Price breaks final support of the trend, look for consolidation below 3900.