After 6 red 1 day volume
bars in a row it appears like we will finally have our first green volume
bar in awhile...looking back in the past at btcs volume
history the longest stretch of consecutive red volume
1 day bars seems to be 6 so odds are quite good that today's volume
bar and candle will both close green. We can see that the old top trendline
of the descending channel
(in green) is acting as resistance again. It currently sits at around 9300 and gets lower with every day that passes but I think we will find away to get back above it by the 15th of march or so. Believe it or not the inverted head and shoulder pattern is still in play though I have no confidence in it actually being validated anymore....I still keep it as a possibility though until it is fully invalidated. right now the best ebt is to remain neutral...and only buy in modest amounts under 9000 but don't risk any of your current position.