BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC has fallen back into the previous log channel, where it was using previous resistance as support.The price has just breached the 4hr Tenkan, I expect the price to retrace to 13k if it stays beneath this. At 13k there is a convergence of support of the 4hr Kijun and the 50EMA; which has been consistently used through this run. If that fails to hold, then I imagine the bottom of the log channel will be reached.
Comment: 100%


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