We can see here a clear downtrend going on in the Bitcorn, Volume is low, and overall trend is on a downward movement. Be cautious on longs and get ready for a pump at 32k or even 29k. it may fall lower but we will analyze further as time proceeds.
Still learning, hope someone can help me learn more about what I'm doing, i think this makes pretty good sense with the channel having multiple touches for resistance and support. Also the fib has been very accurate with the path. Hope it helps!
