BTCUSD broke down from it's rising channel; just before the daily close. If we zoom in the time frame; we can see that the falling price is acting rationally. Aggressive traders could look for a long at the lower quarter line - though the more cautious play is to wait for a test of the bottom/8500 (which ever comes first).
EW enthusiasts should be very interested in this move, one would suspect.
#crypto
EW enthusiasts should be very interested in this move, one would suspect.
#crypto
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Disclaimer
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.