BTC Downtrend Channel Formed

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC must hold $7500 support level to reverse. At this time we have entered into a downtrend channel as the support walls within the uptrend channel broke with a double top and lower high close on daily.

Look at BTC to continue uptrend cycle with a break at $8400. Otherwise, be prepared for lower lows if it fails to hold at $7500 support.

Thanks! Feel free to leave a comment.

Not financial advise, not a financial advisor. Use for educational purposes only.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out