Milky_Udders

BTC downtrend channel

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We are still inside a downtrend channel

RSI same as last year in behaviour

Must conquer MA200 to move ahead

I believe short first to test support then measured move up past MA200
Comment: COMMENT:

Bitcoin did indeed decline to 8300 and make a measured move up over 200 MA

See my former Bitcoin Descending Wedge Idea

Comments

just made the same analysis.
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I agree. I also have similar analysis.
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