BTCUSDT Channel Top Retracement Possibility

Bitcoin is just above midway to the channel upper resistance. The 4H candle is building a doji, and with the weekend coming we could see an extended downside to 45k. There's a strong chance of continuation, so a break with rising volume could indicate a run to 50k, where another short would start.

Commentaire:

This current range may carry on for a while. Watch this movement for indications of a breakout.

Trade fermée manuellement:

After both trades averaging in, I entered at 49200, and exited my final share at 48500. Instead of playing with destiny I rather walk away with a profit in hand. If you're still short, 44k is still in play, but a bounce is more likely as it goes lower.