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Short

BTC Downtrend Channel Formed

BITFINEX:BTCUSD   Bitcoin / Dollar
BTC             must hold $7500 support level to reverse. At this time we have entered into a downtrend channel as the support walls within the uptrend channel broke with a double top and lower high close on daily.

Look at BTC             to continue uptrend cycle with a break at $8400. Otherwise, be prepared for lower lows if it fails to hold at $7500 support.

Thanks! Feel free to leave a comment.

Not financial advise, not a financial advisor. Use for educational purposes only.
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