Think it holds this support here ~$19k and breaks the downward channel, or it has a good chance to continue down to ~$18k
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Looks like it is continuing down for now
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Look out below I think
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Doing a real nice job staying in this channel. No real support for a while. Looking for a bounce + break out at $18k.
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And she's out folks. Earlier than expected breakout of the channel, but pretty strong showing, and back over what appears to be support at ~$19k. Now hopefully will consolidate for a bit along this and get ready for futures later today.
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Well, I thought it broke out, but look at that, after futures kicked in with some volatility, it spiked right back down to the ~$18k support area I had been previously expecting. Just took a little longer to get there.