#BTCUSD 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 9 times and has been valid since 21 September.
Current situation
The price is moving towards the lower border of the descending channel.
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 3:00 p.m. UTC today. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.$BTC
Look! BTCUSD moves within the descending channel. New opportunity?
BTCUSD moved within the descending channel, which formed when the price touched the channel borders 9 times and has been valid since 21 September.
Current situation
The price is moving towards the lower border of the descending channel.
Possible scenario
Analysts recommend waiting for a price rebound from the lower channel border and opening a Buy order with a take profit near the upper channel border.
I will publish our next post on price channels at 3:00 p.m. UTC today. Come back to discover more trading insights.
Share your thoughts in the comments section if it's available for you.$BTC
