$BTC
Rejected on first test of the 3650 resistance. The 3450 support providing a decent reaction for now.
For bullish continuation, would like to see the blue support hold.pic.twitter.com/tcvEnfzVBQ
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$BTC Update
Rejected by previous support. Seems to be forming a descending channel on the LTFs (aka a way to visualize a downtrend).
I often use channels for confluence with horizontal levels (both the rejections from the black horizontals were also at the channel boundary)pic.twitter.com/A4RiBj8je4
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No, a descending channel by definition has lower highs and lower lows, ergo bearish market structure (downtrend). I don't trade wedges.
End of conversation
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seems like ETH is breaking out from downtrend on STF?pic.twitter.com/9uyL03ipzo
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