Dropped out of bullish 2017 channel, but fighting to make it bac
Updating my last publication with a few additional support lines.
We've dropped out of the bullish channel which kind of sucks - that's now confirmation for me that we can drop to a 6k low as a real possibility, however, you can see there is strong support at both the 7200
6900 ranges.
A break back into the bullish 2017 channel and a re-test as support would be my confirmation for a bullish 2018 scenario, otherwise this could be a long summer!
We've dropped out of the bullish channel which kind of sucks - that's now confirmation for me that we can drop to a 6k low as a real possibility, however, you can see there is strong support at both the 7200
6900 ranges.
A break back into the bullish 2017 channel and a re-test as support would be my confirmation for a bullish 2018 scenario, otherwise this could be a long summer!
Commento:
That weekend drop just pushed us out of all bullish trends and bullish support lines. If TV had emojis, I'd put in a nice bear emoji
Commento:
I noticed, if you invert that purple squiggly line, it it lining up with BTC's path right now
Old analysis: