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atomica
Aug 6, 2019 12:31 PM

Update, resistance touched exactely in all places.. Short

Bitcoin / U.S. dollarBitstamp

Description

We are back inside the downward channel, resistance was penetrated but not broken.
Trendlines are traditionally considered extremely subjective but when it comes to Bitcoin and Autism they seem to be deadly accurate ;)

This is not TA I just like to draw lines and find patterns.

Trade active

On target

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XBT Following the arrows nicely

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moving to test 9k area without a solid reversal of this current bearish trend there is likely more downside.

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Hodling nicely along the greed trendline.

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Green* lol

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XBT is now at a major crossroads once again. Fighting off the bears the bulls are making a small come back pushing the price above the danger zone but XBT is still facing strong resistance.

Comments
BankBoy
I just watched this fill in. Spot on! Nailed it!!!! Now what???
atomica
Expecting a break down soon.. once we break below the resistance the bearish incentive to find a solid bottom will be much stronger.
atomica
Short with a close below the bottom TL acting as resist.. long above the top line.
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