If you are a BTC Bull, this bottom channel looks to be a nice place to pick up a long position.
If you are a BTC Bear, this failure to get above the 200 Day Moving Average is a nice reminder that we are still in a bear market
I have a lot more thoughts on this trade, more to follow
This analysis is circulated for informational and educational purposes only. There is no consideration given to the specific investment needs, objectives or tolerances of any of the recipients. Additionally, actual investment positions may, and often will, vary from its conclusions discussed herein based on any number of factors, such as investment restrictions, portfolio rebalancing and transactions costs, among others. Recipients should consult their own advisors, including tax advisors, before making any investment decision. This report is not an offer to sell or the solicitation of an offer to buy the securities or other instruments mentioned. The research utilizes data and information from public, private and internal sources, including data from actual trades. While we consider information from external sources to be reliable, we do not assume responsibility for its accuracy. The views expressed herein are solely those of the author as of the date of this report and are subject to change without notice. The author may have a significant financial interest in one or more of the positions and/or securities or derivatives discussed.
A bit about me and my trading Journey
How I became a professional trader
https://steemit.com/introduceyourself/@chris-d/how-i-became-a-professional-trader
Trading during 9/11 attacks
https://steemit.com/crypto/@chris-d/short-selling-when-the-world-is-falling-apart
A Day in the life of a professional trader
https://steemit.com/cryptocurrency/@chris-d/the-day-in-the-life-of-a-professional-trader