Clean up the different channels, left with one still valid bigger down channel mentioned yesterday that’s the channel top resistance is holding strongly despite multiple test by candle to break. Possible down wedge consolidation, might retest 3680 and shadow dips below then bounce off the wedge bottom. Either the channel or wedge breakout will lead to test of 4000 again before heading 4400 to complete IHS but looks like timeframe running short unless it burst spike. Margin long have been building up in size. Bias upside
On daily chart, price still holding above previous low of 3680 support zone while stoch
BITCOIN – similar divergence 4hr and daily
January 1, 2019
Published by timm


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