Description
⋅ Shown in gold, the descending trendline needs to be broken for confirmation that BTC is going to continue higher.
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⋅ Still waiting - common BTC! .. zzz
Comment
⋅ Retesting the trendline here
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⋅ So far BTC is reluctant to break the golden trendline. There's still hope and if it does, be careful of a head fake. Use tight stops!
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⋅ Moment of truth here guys. This could be a head fake or the beginning of the breakout. A little more patience and we'll see what side to jump in on.
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⋅ Watch for a bounce off the 38.2% FIB
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⋅ So far we're bouncing!