BTCUSD - Not Quite but Almost a Good Time to Set a New Short
Channel is getting a bit wide but it's reaching for the resistance..highly doubtful that it will break through. Pretty much the same setup as my ETH chart a few minutes ago, but left this one in log scale. Currently at the end of a false bull flag in the short charts, I call this sideways death cycle "flopping around like a fish out of water".
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This little pump over 8,100 should be the last gasp for this resistance bump, set your shorts!
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In above image, notice the RSI downtrend and the lack of volume to support the little one hour pump..approaching the resistance in this scenario is not supportive of a solid .. or any.. break thru of the resistance.
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Bounced .. my placements might not be perfect.. but neither is the market :)