New channel forming on XBTUSD

Updated
Is this the sign of a trend reversal that we have been waiting for?

Stay tuned.
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XBTBTC is coming back today to test the channel. Will we see a bull bounce or will we see a breakthrough win to the bears.

My prediction is that we will see a bullish bounce as this is the first test of the channel since there was a resistance to support flip. Remember- The first test is always the most reliable.
Trend Analysis

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