After a upside trend following a clear inverted shoulder-head-shoulder figure, recently broke the support and now in plunging in downwards channel.
Line has been broken, upside trend is coming
Downside trend, waiting to break line to change upwards
It seems BTC is repeating pattern. It is inside an uptrend channel and holding a support (slashed green line). Let's expect to keep it going up soon.
Could be it possible some break up of the triangle or else, will it plunge?
Since BTC has broken yesterday upwards the triangle formation, now it is forming a uptrend channel. Let's see what happens :-)
As fast as unexpected, Bitcoin has blown up the resistance and shows a huge upwards momentum.
Upside channel, only if broken from below, change to downtrend
Steady climbing, to be maintained till it breaks the channel