There should be a nice battle leading to 8 PM EST. Why? Because the current candle will define if we are going up or down, and it will inspire a tug of war. Right at 8 PM, this candle will close, and if it closes above the downtrend channel the odds of going up remain good, and it will be a statement that yesterday's crossover meant nothing to BTC. If we close inside the channel the odds of going down some more are pretty good, mostly because it will validate the strength of the death cross. This event has more significance if we close inside the channel because it will cement in yet another lower high. I hope you understand how much this candle has riding on its shoulders.
This is a link to my live chart so you can keep an eye on that battle. www.tradingview.com/chart/0FJOpaqx/
This is a link to my live chart so you can keep an eye on that battle. www.tradingview.com/chart/0FJOpaqx/
