CarpeMomentum

Bitcoin how far down could go or is the trend to be broken?

Long
BITFINEX:BTCUSD   Bitcoin
Looking at a linear regression channel it appears Bitcoin is getting oversold at the lower 2 standard deviation band.
It should easily find support at $36.5 - $37k the ranges it is now if it will trend lower.
Charting a potential upward trend in a ghost feed for illustration purposes.

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