akberaa

BTC going down ?!? Not again...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
inverser H&S pattern, paid out well for me, but now...

Bitcoin has failed to break the structural downward channel top.

if the support at 10,250 (200 MA and 50 MA convergence) breaks followed by the mid channel support of 8,900. we may see the test of the bottom trend line .

as for now, now im waiting for further price developments.

***Disclaimer***
- This information is not a recommendation to buy or sell.
- I am not a pro trader, but someone learning technical analysis , as i go along, constructive criticism and positive feedback is most welcome :)

Comments

The price action is testing the lower trend line of the new uptrend channel at the 10,500 area for a healthy pull back. If it holds that lower trend line, I remain bullish.
Reply
akberaa luv2give
@luv2give, do you mean this ? lets see...


Reply
akberaa luv2give
@luv2give, so whats your stance now?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out