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Bitcoin ready for it's next leg down ???
Since breaking the descending triangle it looks like BTCUSD has been a downward channel with strong support along the centre line.
With moving averages above us, increasing volume and the oscillators on a 4 hour chart pointing bearish a break of this middle line that's been relevant since late June could lead the way to a retest of the $7700 area and if broken possibly a retest at the bottom of the channel.
BTCUSD has been a downward channel with strong support along the centre line.With moving averages above us, increasing volume and the oscillators on a 4 hour chart pointing bearish a break of this middle line that's been relevant since late June could lead the way to a retest of the $7700 area and if broken possibly a retest at the bottom of the channel.
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