Bitcoin - 1h Short BTCUSD
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Here we can see that bitcoin broke under multiple support lines. The price fell under the EMA 50, which may serve as future resistance. (blue line) If the price falls under the channel support, then a price drop equal to the height of the channel could occur.
This would be the $8470 - $8420 area.
This would be the $8470 - $8420 area.
Uwaga
There is some hidden bullish divergence that could suggest otherwise, however.Uwaga
Also keep an eye out on the falling wedge, and small resistance line. Uwaga
A bull and bear scenario... Uwaga
Some hidden bearish divergence on the 15m (obviously would be more significant on a longer time scale) Uwaga
New downward channel. Testing support again... Uwaga
*From a wider perspective* Check out this major support/resistance line on the daily...Uwaga
Bulls would love thisUwaga
Wheres the volume though?Uwaga
Welp! Swing and a miss. It happens! Feel free to check out my longterm take for Bitcoin on the weekly here: 
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