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BTCUSD finsihed correcting? Possibly.

BTCUSD at KRAKEN has formed in a downward channel after breaking the lower support of the wedge created on Jan 17. This channel reached the pre-Tether USDT controversy price set in mid November. The resistance in this channel is near 13k and we could see a weekend rally to that line or we can sell off to the next major support at $5500. It appear that the India news was more #FakeNews from the usual suspects in the media. I recommended getting into cash to my friends and that was good advice. Getting long is not a bad idea at these prices. Part of trading is controlling your emotions and being patient.

HV