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BTC: This movement is in case of deep correction.
Today is closing of weekly session and it will be important what kind of candle it closes.
Saying it again: the price is still moving along the formed UPWARD channel.
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BTC: So, what happened and what do we have at this point? In fact, nothing terrible. The price roamed within the boundaries of the channel, then began to focus on trend from the upper limit of the channel and so moving around it. At the same time she built the second part of the channel, expanding it. So, the action occurs between sellers area and green area of buyers. At the same time, we see that the price is not allowed into the area itself, the payoff goes clearly along the formed trend channel. I. e. they hold the price and, at the same time, don't let up.
The fact that the price has not yet crossed EMA233 suggests that the buyer is still in force, but the correction hasn't finished yet.
At the moment, the meeting of triangle's trend and the newly formed border of the ascending channel was a stumbling block for the price.
I.e. if the price does not withstand such resistance and goes down, it will first come to its support and if it turns out to be weak, then to the red dotted lines in the green area and may be even to local area 6739, but this is in the event that the support 7438 is broken down.
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BTC is still weak in the wedge. Weekly candle closed with a bearish absorption, though with a buy-off from the red area. Yet not broke the support. Waiting.
The market is waiting.
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ETH/BTC built the flag. Wait for punch.
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ETH/USD still in the channel. Weak.
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