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DejaBrew

Update: Fan Principle Failed, but trend line acted as support

Bitcoin (BITFINEX:BTCUSD)  
DejaBrew  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTC BTCUSD Bitcoin (Cryptocurrency)
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trendanalysis chartpattern btc btcusd bitcoin
Here we can see a clear break of the wedge to the downside leading to a failure of the fan principle, but funny thing is we bounced perfectly off the middle trend line of the fan principle. Will it hold? To early to tell.

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DejaBrew
Fan Principle on BTCUSD Daily.
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