As we can see, the price has breakdown through the ascending support of the triangle with the flat resistance, which means that the up-trend was broken and now is forming a horizontal channel.
The point from where we can start looking for any reversal pattern is located at the 0.0003060 level, until this level we can consider opening SHORT, but remember not to enter short here if you LONG $BTC, cause the correlation between these two assets is 93%.
The point from where we can start looking for any reversal pattern is located at the 0.0003060 level, until this level we can consider opening SHORT, but remember not to enter short here if you LONG $BTC, cause the correlation between these two assets is 93%.
