BTC has fallen out of its ascending channel and hit the bottom of its descending channel.
Will be watching to see if it manages to recover back into the ascending channel. the VWAP has not left the ascending channel. We may see a short term recovery back up to near VWAP level. Will be watching to see which channel it decides to be in around 18:00 EST.
as of 14:00EST we have hit the floor of the descending channel and the RSI is very low. Expecting a bump up in immediate short term and then a big decision a few hours from now.
Will be watching to see if it manages to recover back into the ascending channel. the VWAP has not left the ascending channel. We may see a short term recovery back up to near VWAP level. Will be watching to see which channel it decides to be in around 18:00 EST.
as of 14:00EST we have hit the floor of the descending channel and the RSI is very low. Expecting a bump up in immediate short term and then a big decision a few hours from now.