CluelessNoobTrader

Downward trend to continue

COINBASE:BTCEUR   Bitcoin / Euro
The wedge that some believed was forming has been broken, which could indicate a shift upwards. But on the four-hour chart it appears that Bitcoin has simply moved into the upper portion of the general overall downward trend channel. Only if it breaks the upper green line can we consider the recent bull run, which is coming out of the positive G20 news, to be a longer-term trend.
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