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TheChartGuys
Oct 18, 2017 11:01 AM

BTC Out of Channel 

Bitcoin / United States DollarCoinbase

Description

We have broken to lower lows and also broken bearish from the "flag" formation on the 4 hour chart.
The bears continue to hold control as the BIG 3 slowly drift towards 4 hour oversold conditions.
Stair steps down on the hourly with weak bounce attempts before another flush to lower lows.
Patiently waiting for the hourly trend to change or for a bear climax with big volume in a final push down for now.
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