Couple of thoughts $BTC spot and BTC futures:
*Trading to the bottom of the channel and bouncing, again.
*Rejected off 200 day moving average, again.
*Bearish divergence on MACD.
*Bearish divergence on RSI.
*CBOE traders left a gap at 8550, keeping my eye on that getting filled.
The gap down there on the futures price getting filled would be a much more bullish position for the price of BTC to go higher. If this trend channel (white dotted lines) breaks and we move blow, that would be my next target, and update the analysis from there.
Otherwise shorter term algo has short position, longer term algo is fully long from much lower.
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