A measured move brings BTC down to 18K. Jackson Hole Symposium approaching tomorrow coupled with Friday equities profit taking could lead to continued bearishness over the weekend. Thoughts?
BTC formed a bull on 30th July and has been selling off since. It's now broken mid point support on the bear channel. It should find support soon and have a short term relief rally but can it show strength to break up and out of this channel or will it break the channel to the downside. We wait to see. Let me know your thoughts!
With BTC strength reducing as it hits resistance at the top of the bear channel , we also have potential confluence with BTC .D potentially about to do a bullish retest and bounce from the macro falling wedge it broke out of early in the Spring . Naturally a retest and bounce points to another batch of selling off for BTC and crypto as a whole. Any thoughts on...