BTC/USD - Dropping Out of Channels

in #bitcoin • 6 years ago

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

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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

#btc #btcusd #technicalanalysis #cryptocurrency
6 years ago in #bitcoin by
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