Since breaking the descending triangle it looks like
BTCUSD
has been a downward channel with strong support along the centre line.
With moving averages above us, increasing volume and the oscillators on a 4 hour chart pointing bearish a break of this middle line that's been relevant since late June could lead the way to a retest of the $7700 area and if broken possibly a retest at the bottom of the channel.
BTCUSD
has been a downward channel with strong support along the centre line. With moving averages above us, increasing volume and the oscillators on a 4 hour chart pointing bearish a break of this middle line that's been relevant since late June could lead the way to a retest of the $7700 area and if broken possibly a retest at the bottom of the channel.
