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BTC trapped longs from bottom of the channel with 200$ wick down

Bitcoin (GEMINI:BTCUSD)  
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GEMINI:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Technical Indicators BTCUSD BTC Cryptocurrency crypto cryptotrading cryptotrader altcoins upward_channel bounceup
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trendanalysis harmonicpatterns indicator btcusd btc cryptocurrency crypto cryptotrading cryptotrader altcoins upward_channel bounceup
BTC trapped longs from bottom of the channel with 200$ wick down.
Just as discussed BTC did dip a little bit further (9490$) befor actually bouncing and returning into the upwards channel.
Some early long did burn and provided the fuel for a small bounce returning price into the upwards channel. BTC dominance got rejected and is currently dipping some more. So BTC might range for some time again. This should provide room for growth for altcoins. It might take some time though.
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