Looking at this channel BTC is on a downtrend unless it breaks out of this channel
Note
t is as clear as anything that this down trend line of the channel is playing as #monstrous #resistance and now 50 day MA as well. BTC can be considered #bullish only when it breaks out of these #monstrous #resistance points.
It is as clear as anything that this down trend line of the channel is playing as #monstrous #resistance and now 50 day MA as well. BTC can be considered #bullish only when it breaks out of these #monstrous #resistance points.
Note
One or two more days to complete Cup & Handle formation and we could be up for a 6k rise from here ....
Note
BTCUSD close above $11400 today is very promising, great sign for a potential upside move.
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