BITCOIN, trading within a descending parallel channel

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As it can be clearly inferred from the chart, the price has formed a beautiful parallel channel and is now located at the upper boundary of it. Massive wick rejections can also be identified, which indicates a weak bullish pressure around the area of resistance. We are now expecting the price to keep dropping and reach the area plotted on the graph.

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You've been liquidated
+22 Reply
and as expected, this dumb post is proved false literally the next available opportunity.
+8 Reply
well done
+6 Reply
@MMBTtrader appreciate it!
+1 Reply
I expect there is at this moment no reason to go short, as the trend whales can increase btc to 40K again.
+5 Reply
you were saying?
+4 Reply
I am also bearish bro
Well done
+4 Reply