XTZ/BTC Bullish Channel Reversal

XTZ/BTC has formed a nice bullish channel since a week or two, launching the price upward. If you've read my previous X/BTC ideas, you're aware that I'm bullish on all X/BTC pairs currently. Luckily for us, XTZ/BTC has produced a nice bullish setup to trade.

To trade this, wait for the price to close above 900 sat. We need some form of confirmation to determine that the price is actually bouncing from the bottom trend line.

I've placed two areas of resistance on the chart, R1 and R2. Do your own due diligence.

Happy trading!