Dropped out of bullish 2017 channel, but fighting to make it bac
Updated
Updating my last publication with a few additional support lines.
We've dropped out of the bullish channel which kind of sucks - that's now confirmation for me that we can drop to a 6k low as a real possibility, however, you can see there is strong support at both the 7200
6900 ranges.
A break back into the bullish 2017 channel and a re-test as support would be my confirmation for a bullish 2018 scenario, otherwise this could be a long summer!
We've dropped out of the bullish channel which kind of sucks - that's now confirmation for me that we can drop to a 6k low as a real possibility, however, you can see there is strong support at both the 7200
6900 ranges.
A break back into the bullish 2017 channel and a re-test as support would be my confirmation for a bullish 2018 scenario, otherwise this could be a long summer!
Note
This is an update from my last post - also looks like the daily has a bullish cross on MACD, if that sustains it could be bullish for June.Old analysis:
Note
That weekend drop just pushed us out of all bullish trends and bullish support lines. If TV had emojis, I'd put in a nice bear emojiNote
I noticed, if you invert that purple squiggly line, it it lining up with BTC's path right now
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