BTCUSD channel

Keep a close eye on BTC here.

Starting to get a well-defined channel, and we're trending down towards the channel support as the 200SMA is not holding as a strong support up at these levels...

Red circle marks beginning of a new downtrend, green circle would be beginning of new uptrend.

Red circle seems higher odds right now... Ideas not advice.
Chart PatternsTrend Analysis

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