BTC Short time frame 10-16-2018 observation

It is observed that BTC is still in a downward trend since the large USDT pump. We are watching closely how it behaves upon these trend lines as there still seems to be a pressure to bring it downward. Expect us to reach a 6500 level before the market reassess where it wants to go. However, if we can break out of this red trend line then we can see us going sideways for a good portion of the day.

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BTC making a push to break the red trend line here.