dtut

Bitcoin simple trend lines.

Short
dtut Updated   
BITFINEX:BTCUSD   Bitcoin
Current triangle trend which (I believe, until it shows otherwise) will result in a continuation down to the 200 day moving average support line. From there I will re-evaluate based on the reaction.

I don't expect a reversal at tis point.

Comment:
Attepted breakout reversal that didn't stick, continues to reinforce the current downtrend. If the MACD crosses in the next 24 hours i expect a sharp move down
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.