BTCUSDT! 4 Hour Downward Channel Pattern!

18 ott 2019

BTCUSDT! Possible bounce at $7779. My technical analysis shows if support holds with a Daily Candle close above $7779 with follow through on the next daily candle , BTCUSDT will attempt to retest the top of the downtrend flag /channel. Overall BTCUSDT is in a down trend which is forming a flag on the day chart, but within the flag pattern I see a channel down forming on the 4 hour chart. It's very possible for a short burst to get those shorting out, but only if support hold. Please let me know what you think of my technical analysis. Thank you.