The following analysis consist into resistance and support touches inside the channel. If two or three candles 1h close out of resistance or support lines, another channel should be created.
Looking to BTC and for the volume decreasing it looks like the fuel is running low.
The BTC can touch the 2.1166 at 1,68% of fibo and then starts to do down taking some rest on channel supports and finally drop down to weekly EMA 20 at 13.800 coinciding with 68% of retracement. There is the possibility to test the weekly EMA 50 ate 11.800 in the middle of february.
Looking to BTC and for the volume decreasing it looks like the fuel is running low.
The BTC can touch the 2.1166 at 1,68% of fibo and then starts to do down taking some rest on channel supports and finally drop down to weekly EMA 20 at 13.800 coinciding with 68% of retracement. There is the possibility to test the weekly EMA 50 ate 11.800 in the middle of february.
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