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fatherofadog

BTC - Back in Falling Wedge Channel, Low Vol., Below 200D

Short
Bitcoin (BITFINEX:BTCUSD)  
fatherofadog  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD BTC crypto
5
0
trendanalysis chartpattern btcusd btc crypto
Still not out of the woods yet. Bullish iHS and temporary breakout outside of bearish falling wedge channel failed to get volume, which is waning - not good for a sustainable uptrend. In addition, current level is again below 200EMA.

On the plus side: Holding above $8K, long-term trend line could hold support at $7k+.
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