Hello Traders,
resuming the analysis I made the other day (you will find it linked on the chart) the bitcoin trades that you see forming inside an ascending channel suggest a downward break.
There are no big investors now willing to buy at these prices, mostly they are dumping positions accumulated in the past year.
Ascending channels are formed because traders are opening short long covering positions.
As correlation and confirmation of
BTCUSDT
I follow the CURRENCYCOM:US500
resuming the analysis I made the other day (you will find it linked on the chart) the bitcoin trades that you see forming inside an ascending channel suggest a downward break.
There are no big investors now willing to buy at these prices, mostly they are dumping positions accumulated in the past year.
Ascending channels are formed because traders are opening short long covering positions.
As correlation and confirmation of
BTCUSDT
I follow the CURRENCYCOM:US500 