BTCUSD: Turning a 7 year Support into Resistance in 2018

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In log scole, BTC has been trading inside the uptrend channel from 2011 to 2018, after which it started to go sideway until today. At the same time, turning the uptrend support into a resistance.

Intereseting to note, a price vol bearish divergence formed from 2016 to 2018, which we witnessed the epic run to peak and equally epic fall from there.

#BTCUSD #logscale


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