$BTC trend movements
Look! BTCUSD moves within the descending channel. New opportunity?
BTCUSD moved within the descending channel, which formed when the price touched the channel borders 8 times and has been valid since 21 September.
Current situation
The price is testing the lower channel border and is preparing to rebound.
Possible scenario
Analysts recommend waiting for a price rebound from the lower channel border and opening a Buy order with a take profit near the upper channel border.
I will publish our next post on price channels at 8:00 a.m. UTC tomorrow. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.#Descending #trend #BTC #BTCUSD
Look! BTCUSD moves within the descending channel. New opportunity?
BTCUSD moved within the descending channel, which formed when the price touched the channel borders 8 times and has been valid since 21 September.
Current situation
The price is testing the lower channel border and is preparing to rebound.
Possible scenario
Analysts recommend waiting for a price rebound from the lower channel border and opening a Buy order with a take profit near the upper channel border.
I will publish our next post on price channels at 8:00 a.m. UTC tomorrow. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.#Descending #trend #BTC #BTCUSD
