TradingView
unspecial
Jul 30, 2021 10:58 AM

BTC 6hr twin decscending channels 

Bitcoin / United States DollarCoinbase

Description

BTC hasn't had a decent retracement for over a week. This not only means it's due for one but it also means many that missed this move are waiting in the wings to buy any dips so downward moves are not going to be one way traffic. I'm expecting a move to the midpoint of these channels but it wont happen quickly. 36,675 is also an area where resistance can become support.
More