Bitcoin - 1h Short BTCUSD
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Here we can see that bitcoin broke under multiple support lines. The price fell under the EMA 50, which may serve as future resistance. (blue line) If the price falls under the channel support, then a price drop equal to the height of the channel could occur.
This would be the $8470 - $8420 area.
This would be the $8470 - $8420 area.
Nota
There is some hidden bullish divergence that could suggest otherwise, however.Nota
Also keep an eye out on the falling wedge, and small resistance line. Nota
A bull and bear scenario... Nota
Some hidden bearish divergence on the 15m (obviously would be more significant on a longer time scale) Nota
New downward channel. Testing support again... Nota
*From a wider perspective* Check out this major support/resistance line on the daily...Nota
Bulls would love thisNota
Wheres the volume though?Nota
Welp! Swing and a miss. It happens! Feel free to check out my longterm take for Bitcoin on the weekly here: 
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