BTC 1h Ascending Channel breakdown confirmed
The price of BTC broke down from a bullish ascending channel.
Right now, it has a VPVR resistance at the 28550-28450 level range, which, if broken, leaves the price without significant resistance until 28000.
Trend waves are exhausted at the one-hour timeframe on my indicator at the bottom, so rejection is possible at this point, but the four-hour time frame is coming down strongly.
I'll call this neutral because depending on your trading style can be both bullish and bearish.
You know I'm looking for long-term shorts. But as always, I am aware of the trend. You should be too. 😊
Right now, it has a VPVR resistance at the 28550-28450 level range, which, if broken, leaves the price without significant resistance until 28000.
Trend waves are exhausted at the one-hour timeframe on my indicator at the bottom, so rejection is possible at this point, but the four-hour time frame is coming down strongly.
I'll call this neutral because depending on your trading style can be both bullish and bearish.
You know I'm looking for long-term shorts. But as always, I am aware of the trend. You should be too. 😊
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.