Bitcoin technical analysis, bulls might be giving up soon Download your MetaTrader Expert Advisors for MT5 / MT4 trading strategy Maintenance RobotFX

Bitcoin technical analysis, bulls might be giving up soon

RobotFX August 13, 2022 0 Comments

Trading News

There are times when the reward vs risk itself merits a trade idea.

Today's daily candle, while closing only in apx 4 hours, is now showing a sign that bulls are failing to break the presented channel to the upside, following this 4th attempt to do so, on the daily timeframe.

Furthermore, some traders can leave 25% of the position riding the possible down movement, since this channel, is also a potential bear flag.
Trade crypto at your own risk.
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Tags: Bitcoin , BTC, BTCUSD, bitcoin technical analysis , bitcoin price forecast, bitcoin trade idea

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