#BTCUSD trend movements
Big move on BTCUSD: it broke the descending channel. What now?
BTCUSD moved within the descending channel, which formed when the price touched the channel borders 9 times and has been valid since 21 September.
Current situation
BTCUSD broke through the lower boundary of the descending channel.
Possible scenario
Analysts recommend opening a Sell order with a stop loss near the lower 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.$BTC
Big move on BTCUSD: it broke the descending channel. What now?
BTCUSD moved within the descending channel, which formed when the price touched the channel borders 9 times and has been valid since 21 September.
Current situation
BTCUSD broke through the lower boundary of the descending channel.
Possible scenario
Analysts recommend opening a Sell order with a stop loss near the lower channel border.
I will publish our next post on price channels at 8:00 a.m. UTC tomorrow. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.$BTC