CryptoNTez

BTC under 3k? Maybe....

COINBASE:BTCUSD   Bitcoin
$BTC Big picture: we came down over 50% from the last sell signal of the UCTS in what seems to be a descending triangle.After the drop we found support around 3400$ and now we are on a descending channel (Lowerhighs and lowerlows) so under 3k is potentially possible

Zooming into current weeks: There are 2 patterns that I can see playing in btc chart. A descending channel (orange-likely) and a descending broadening wedge (yellow-less likely). If Bitcoin keeps bouncing on this descending channel you will see that under 3k targets can happen

I see 2 resistance zones. 4250-4300 is the closer to where we are breaking above it would be really nice as a bullish event. Plotting a AutoFib with the UCTS will leave us with similar resistances. If you want to trade this channel, lets go to smaller timeframes... $BTC

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