Bit Coin Correction Market Still in Trend ChannelsteemCreated with Sketch.

in bitcoin •  8 years ago  (edited)

Bitcoin Still inside Trend Channel No Change in Trend Indicated


If you have been trading Bitcoin in the last day day or two don't panic over every down day the main trend is still in tact, the market has been on a run for a number of days and a down day was inevitable.

Bit Coin Hourly 01.png


The main trend line in on the hourly is still holding and the daily and weekly trends are still holding as well.

Bit Coin Daily 01.png


The daily is well inside the trend channel

Bit Coin Weekly 01.png


All the stochastics are point towards another move up so no change in the major trend is indicated at this time.
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