leongaban

Waiting to see how BTC reacts to the downward trend line

BITSTAMP:BTCUSD   Bitcoin
Recent news about the Yuan's devaluation may have helped the bullish pump from the Daily Adam and Eve pattern, but this downward trend is strong and is more like a mini bear cycle. Similar in style to the start of the 2018 bear cycle.

Lessening dollar cost averaging atm, will max it one a rejection and if price gets closer to the bottom trend line. Or max if there is a break of the top trend line along with next day confirmation of resistance turned support.

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