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ChartCinema

Bitcoin exited a rising channel, drop to $20K?

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Bitcoin (COINBASE:BTCUSD)  
ChartCinema Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis Volume Trend Lines bitcoinprice volumeanalysis
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trendanalysis volumestudies trendline bitcoinprice volumeanalysis
Bitcoin just exited a channel on the 1 hour time frame. Volume appears to confirm loss of demand at the $23,000 level.

Hopefully, $BTC finds support at $20,000!
Comment:
I mislabelled the 200 EMA. It's actually for the 1-hour and not daily!
Comment:
The Weekly does show a "death cross" of the 200 and 50 Week EMAs.

snapshot
Order cancelled:
Bitcoin does look bullish again! It re-entered the Pitchfork channel and On Balance Volume confirms demand.

snapshot
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