#xbt-usd

BTC continues to find resistance at it's previous channel support level. Repeated attempts at breaking out above this level have been denied. Rising wedge pattern forming. Lack of volume with a bearish

BTC took another sharp dive, nearing its long-term channel support (green line; downtrend). Most recent 4h candle closed back above our mid-term channel support (white lines; uptrend) which is encouraging,

BTC is fitting into a nice short term Fibonacci channel, wicking outside of the channel but closing inside. Anticipating it to range across the lower channel before bouncing near the top again. Volume

Short and sweet. BTC was once again rejected at the 100D moving average (yellow line). Our $8600 area seems to be holding as a new support now (green oval). Volume still lacking. Anticipate another retest

Not a particularly bullish formation, but it may have found a new support (fingers crossed) in the $8600 range, which had been a resistance. 100D MA providing some resistance now. If we could get some

BTC continues to bounce inside these channel lines. Long term channel sup/res crossing shorter term channel forming strong resistance in the $8650 zone. BTC continues to suffer from lack of volume, another

Really interesting zone for BTC. 50D MA and channel support converging. Looking to retest.