BTC in "Area of Interest" = Price Action Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
200 0
As you can see until 29th June 2018,
BTC kept making newer lows everytime it traced downwards.

But on 11th Aug 2018 it made a higher low for the
first time in 2018 suggesting that bear trend might just be getting over.

Also if you see the rate of drop of BTC has progressively
weakened with each downfall except the latest one which increased but it also made a higher low.

It would be interesting to see if BTC maintains and makes another Higher low of doesn't make a newer low.


Another thing to notice is we are making a descending
triangle pattern , if BTC breaks on the downside of this pattern. It could possibly make a new low
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