michaeldobfx

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michaeldobfx michaeldobfx BTCUSD, D, Short ,
BTCUSD: BTC/USD (XBT/USD) in possible downtrend channel
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BTCUSD, D Short
BTC/USD (XBT/USD) in possible downtrend channel

Look closely at BTC/USD on the daily chart and you'll see Bitcoin seems to have entered a downtrend channel. If it keeps going like this, I would say the next price target would be around $11,500/$11,000, although don't count me on this. I have family/friends with BTC holdings so despite being personally against it, this analysis is nowhere near biased. Please do ...

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