Bitcoin Lower Channel Breakdown - Looking for 50 EMA

١٧ فبراير ٢٠٢٠

I charted out Bitcoin and it looks like it is sitting right on it lower trendline. It makes me think there is a chance for a bounce here but I have seen it time and again that on the third try, the channel break downward. I would look for a break of the channel, potentially going towards the 50 days moving average.