BTC fell through a linear trend line. Forming a little descending parallel channel. Probably going to break upward for now but continue down in the pitchfork channel. Doubt we'll see any big moves since BTC doesn't seem to want to go anywhere these days without holding stock market indices' hand.
Note
BTC has obeyed this channel very well over the weekend. Will probably breakout when stock markets open but in which direction I'm unsure.Note
Top of the channel about to be tested here. Wonder if this preemptive rally could be a sign of a bullish futures open which could help BTC break up and out?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.