BitcoinUpdated

BTCUSD Downtrend channel

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.

twitter.com/techish/status/969166107356536832
Note
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.

snapshot
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One or two more days to complete Cup & Handle formation and we could be up for a 6k rise from here ....

snapshot
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BTCUSD close above $11400 today is very promising, great sign for a potential upside move.

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