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BTC just made a sudden move down but bounced at the bottom of the rising channel.
Just gotta see how it plays out...
If the week pans out as it looks like doing we'll close with a bullish engulfing candlestick
If BTC can break through 6850 we can see some upside.
As per the chart, just waiting for the day's close to confirm either way.
Top and bottom of channel tracking, need a couple more data points to be sure.
Waiting to see how it plays out.
Having dropped through the support of the previous ascending channel overnight, we are now in a descending channel.
If correct we should get a bounce soon.
Just following it now...
Quick update for the hourly chart to show that despite yesterday's bump we are still in the same descending channel of the past week or so.
We appear to be stuck in a downwards channel now, how low will we go!?
If Bitcoin breaks through the lower level it will go down further.
See chart, expect upward movement if BTC breaks the neck line.
Looks like we might be out the other side in a few days...
There's a wedge formation in play and Binance coming back online soon may well push BTC through the top of it for some gains.
on the 15min chart, looking for a climb if it breaks through the neckline...
BTC Just broke through the top of the cup and handle formation so we can expect a rise.