BTC Trend pattern

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

Ulyts

Breaking point 37.5k, if this channel breaks down which is the 37.5k then 36k , 32k, 28k, 20k, worst case are 17.6K to 12k as shown in the chart with blue lines. However, if BTC broke the upper resistance then this TA is invalid but so long as BTC is within the trendline channel then this is still valid.

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