Short

Bitcoin breakdown.

Updated

Looks like we broke the uptrend channel and there is a ways to go before any real uptrend support.

Note

Strong bounce from the bottom of the downtrend channel through resistance but still inside the downtrend until it breaks out of the top of the channel.

Too early to declare a reversal of the trend.

Trade closed: stop reached

Clearly reversed out of the downtrend line. Huge head fake.

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