1) Red bearish channel, based on 2 lowest point.
first touch '2" than another side 'b', and can see don't have that bearish power to pull price to another side of channel.
2) Green bullish channel. start in same , 2nd historical low, '1', strong push to '2' and create another side of channel, pull back to '3' and don't strong until middle of channel and broke in 'x'.
3) Bearish inside Bearish in black channel.
(2,b,'i') for beginning, 'ii' for reflect (by candle there have touch), 'iii'- didnt hit 'red' channel, 'iv' +'3' , straight to 'v', and now price hanging around black channel middle line, and 'x' of bullish support trend line. Price can continue to follow on line (a,1,iv,3,x). In this can see that bearish dominating on market, and people keep selling coins due panic and BTC movement.
first touch '2" than another side 'b', and can see don't have that bearish power to pull price to another side of channel.
2) Green bullish channel. start in same , 2nd historical low, '1', strong push to '2' and create another side of channel, pull back to '3' and don't strong until middle of channel and broke in 'x'.
3) Bearish inside Bearish in black channel.
(2,b,'i') for beginning, 'ii' for reflect (by candle there have touch), 'iii'- didnt hit 'red' channel, 'iv' +'3' , straight to 'v', and now price hanging around black channel middle line, and 'x' of bullish support trend line. Price can continue to follow on line (a,1,iv,3,x). In this can see that bearish dominating on market, and people keep selling coins due panic and BTC movement.
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