BTC Channel
It's been an erratic week to say the least.
I haven't bothered publishing or trying to analyse much of the chop as it is just too erratic.
We're starting to see what looks like a pretty basic channel formed now. I don't think we'll remain in this for long.
Volume isn't great and there hasn't been anything near the volume bounce we've see earlier, so I'm not quite sure that this is a true 'recovery' right now. I would imagine it will still have trouble at the $7,200 mark and may hit $7,400 range before dropping again.
* This is not financial advice or trading advice. This is analysis and personal opinion used for educational purposes and discussion.
I haven't bothered publishing or trying to analyse much of the chop as it is just too erratic.
We're starting to see what looks like a pretty basic channel formed now. I don't think we'll remain in this for long.
Volume isn't great and there hasn't been anything near the volume bounce we've see earlier, so I'm not quite sure that this is a true 'recovery' right now. I would imagine it will still have trouble at the $7,200 mark and may hit $7,400 range before dropping again.
* This is not financial advice or trading advice. This is analysis and personal opinion used for educational purposes and discussion.
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