Since breaking the descending triangle it looks like 
BTCUSD has been a downward channel with strong support along the centre line.
With moving averages above us, increasing volume and the oscillators on a 4 hour chart pointing bearish a break of this middle line that's been relevant since late June could lead the way to a retest of the $7700 area and if broken possibly a retest at the bottom of the channel.
BTCUSD has been a downward channel with strong support along the centre line.With moving averages above us, increasing volume and the oscillators on a 4 hour chart pointing bearish a break of this middle line that's been relevant since late June could lead the way to a retest of the $7700 area and if broken possibly a retest at the bottom of the channel.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.