nagihatoum

BTC rejected by channel resistance, obeying curve down

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COINBASE:BTCUSD   Биткоин
It retested the channel trendline and was clearly rejected. Heading down to $7700.

I am surprised that the curve is still being obeyed, Quite often curves are broken and don't last long. If this curve is broken, the price action will still go down. All the indicators are very bearish and there is no sign of change in trend.

I wont be surprised if get a 1K dump within a month, this is based on my gann fan analysis below.

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