Bitcoin - how far down? Short

Bitcoin / DollarBitfinex

Description

⋅ Feb 11, 2018 7:43 PM

Nothing fancy just simple trend lines. They seem to paint a consistent repeating pattern of going down.

If we don't break out of this trend then we are going back to ~4200 and will reestablish the range we were trading in last August-October (3200-5000).

Trend Analysis BTCUSD

Comments

Bitmom2018

⋅ Feb 12, 2018 4:38 PM

HI!Did we break that trend today,BTC is trading at 8737 at the moment?Or a minor break of that 8330 is nothing serious and we are still with the falling wedge?

UnknownUnicorn2313572

⋅ Feb 13, 2018 12:43 PM

@Bitmom2018, I think it's too early to tell. It feels like BTC is very indecisive at the moment and I personally would like to see a sustained upwards movement before I'm convinced.

PiotrWoz

⋅ Feb 11, 2018 11:45 PM

Falling wedge you have on your chart.