$BTC has reached the top of its 8 week long descending channel
I don't think we will break out yet but if we get a Swing fail here things can start looking bullish again
$BTC is heading towards the top of the descending channel
One of 3 things can happen here where 1 scenario is bearish and 2 are bullish:
- We get a LH followed by another LL meaning price action is still bearish
- We get a LH followed by a swing fail, which will be bullish if we get a HH after that
- We get a HH from here which will be bullish if followed by a HL