BTCUSD Update

BTC -3.27% broke through channel #1 but could not stay above the purple line (which would put it back on an uptrend) so it is now hovering over Channel 2 and 3. I think it will fluctuate for few hours (from 8250 to 8500) today before breaking back into channel #2 and continue dropping, potentially breaking back into channel #1 if people panic sell or if there is another sell off.

Comment:

coming along nicely

Comment:

back in the game! Looked like a bull trap but now we are back in channel #3!