@Kwa, if we close above the sloping resistance i would be more inclined to have a more positive Outlook. Obviously the resistance is as relevant as your trend zone right now as we have 2 rejections there. The question now is of your trend zone will hold up, if so then we could perhaps move out of the resistance on a lower price (accumulation once again).
BitcoinBearSlayer
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@ethhunter, I'm going to stick with the Trend until it is no longer a trend. That means breaking below $3800 and continuing South. I just don't see that happening. Heck, it cost more than $3,800 in electricity just to mine 1 bitcoin.
W3rN0tAl0n3
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I would agree given the 9's BTC is printing on the daily, 3-day, and weekly charts (TD sequential), and the volume is falling off.....