BTC/USD - Dropping Out of Channels

in #bitcoin6 years ago

Early this morning BTC/USD price dropped out an upward trending channel that it entered over a week ago.

TradingView
Bitcoin has entered and dropped out of upward trending channels a few times in the last few weeks, but there is a difference with the most recent channel: the entry point. Bitcoin entered the most recent channel from below, but it entered the previous channels from above.

I’m no expert and this isn’t financial advice

Coin Marketplace

STEEM 0.26
TRX 0.20
JST 0.039
BTC 95654.77
ETH 3579.91
USDT 1.00
SBD 3.84