anamaly

Bitcoin Descending Channel. Bullish or Bearish?

BITSTAMP:BTCUSD   Bitcoin
Bitcoin has been in a descending channel ever since the May 19th crash. A break to the upside would indicate a a high probability of a move to 42k relatively fast after breaking. however a break to the downside would increase the probability of the longer term head and shoulder pattern playing out with a 25k target. if we are to continue the bear market it must be a quick bounce from 25k otherwise this bear market could last longer than we might think

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