I think BTC may continue in this downard channel until it bounces off the strong support at ~13500 and then reverse with an uptrend going higher than the previous wave (17,100).
One thing to keep your eye on is that many exchanges are not allowing new accounts to be set up. Once the exchanges do open up there may be a sudden bull run.
One thing to keep your eye on is that many exchanges are not allowing new accounts to be set up. Once the exchanges do open up there may be a sudden bull run.
Comment:
I still don't believe we have broken out of the downtrend. On my upper downtrend line I marked it as hitting the most spots. There was another angle that went off the 3rd peak that shows us still within the downtrend.
Trade active:
BTC Bounced off the support line as I predicted and then broke through one resistance line. It has broken out of the downtrend channel. I expect a trend reversal now.