gabrielsanchez

Double bearish trade channel, what expect?

Corto
BITSTAMP:BTCUSD   Bitcoin
We have been on a major downward channel since July. And another smaller since November 20th. We have strong support below the smallest downtrend, especially in the 6600. In the green circle we can see that the price has entered the channel and corrected 3 times, a strong sign that this will possibly repeat. In the yellow rectangles we can see areas of purchase interest. I believe the BTC will fall until January 22 when it will test the 6600 support along the smallest down channel.
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