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zroman87

BTC trading in a channel finding resistance. Drop coming.

Short
Bitcoin (COINBASE:BTCUSD)  
zroman87 Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
Most of the description is in the image. I believe we will see a drop to $6,000 - $6,400 very soon. We seem to be trading within a channel and 4 hour RSI has shown a lot of resistance where we are right now. We hit the upper limit of the channel and the steam is running out.
Comment:
Looks like we broke upper trend line and the RSI resistance was breached triggering a climb.
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