Bitcoin Trend Analysis - Where is Bitcoin headed? Update

BTC Long-Term Trend Channel

Bitcoin (BTC) lost support at $11.4k and fell into its long-term trend channel (Figure 1), but has yet to breakout of it's downward trend.

What to expect?

Bitcoin's RSI is low and the MACD has yet to signal a trend reversal. I expect the price to continue navigating through the long-term channel and continue to follow the downtrend until it reaches the support of the long-term channel.

Recommended Guidelines to Follow:

• Wait for the Break Out
• Open your position by following the trend
• Set your target limits
  ** Always set your stop losses when long

I wish you MASSIVE profits on all your trades,