decklyndubs

Bear trap caught me, but BTC isn't out of the channel yet...

BINANCE:BTCUSD.P   BTC Perpetual Futures Contract
BTC caught sellers as buyers swooped in on an apparent breakdown, but has printed a large green candle.
I got caught on the short side and was stopped out, but I'm not long on BTC before a breakout above the channel.
It's very possible bulls will get snagged at the top of the channel on that movement.
No clear direction yet.
BCW calls a relief rally but until the channel is broken, it's a neutral outlook for me.
Penafian

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