Previously I stated that the channel and wedge BTC was in looked unstable and weak. Here we can see my idea come to fruition with a falling out of the channel and wedge with a bearish retest of the support failing and breaking back down.
While bulls will look to reclaim the pdopen and any support level, I doubt much ground will be cleared.
In a bearish scenario, things are going well and we should start to see waterfalls into the lower 40's.
TL: DR - Bulls scramble to find the ground.
While bulls will look to reclaim the pdopen and any support level, I doubt much ground will be cleared.
In a bearish scenario, things are going well and we should start to see waterfalls into the lower 40's.
TL: DR - Bulls scramble to find the ground.
