TravisStroud

BTC having a breather after recent FTX collapse

COINBASE:BTCUSD   Bitcoin
After breaking lower out of the descending triangle pattern, it seems to be having a breather. Due to the heavy volume and black swan event some may consider this the bottom. I believe it will just hold here or possibly back-test previous support while the DXY is falling to previous support. I will then expect BTC to resume lower once the DXY confirms support and continues upwards from there. See my other idea about the USD.
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