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Is Bitcoin forming a channel? BTCUSD

Bitcoin (BITFINEX:BTCUSD)  
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BITFINEX:BTCUSD   Bitcoin
Trend Analysis Bitcoin (Cryptocurrency) BTCUSD BTC BTCUSDT btcusdlong btc_usd btclong btcusdforecast bitcoinforecast
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trendanalysis bitcoin btcusd btc btcusdt btcusdlong btc_usd btclong btcusdforecast bitcoinforecast
I have identified on Chart an inverse Adam and Eve structure, this leads me to believe we might bleed for a bit.
This thought is supported by the declining MACD on this daily chart
The MACD will most likely recover at the middle line of channel (Hence the smaller arrow)
This is all under the assumption that Bitcoin is within an ascending channel right now
Channel is rather steep

Bitcoin BTCUSD - Repeat


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