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testing downtrend line on log scale
Bitcoin
testing downtrend line on log scale
By ciekawy
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Updated
Apr 20, 2018
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Apr 20, 2018
looks like we're in an important point as we've touched already the downtrend line on the log scale today
Apr 20, 2018
Note
possible breakthrough scenario could be to get to 9250-9350 resistance area and then pull back to around 8300 to confirm the breakthrough.
for the breakout to be confirmed would be good that the weekly candle closes around 8600 or higher - sill more than two days left.
or we can stay in the triangle and go once more to the 6600.
there is a chance then it is a big bull flag
Apr 20, 2018
Note
current state also seems to correlate with the dxy approaching resistance - breakthrough there may help as well
Trend Analysis
ciekawy
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