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.

- 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 :)


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.
akberaa luv2give
@luv2give, do you mean this ? lets see...

akberaa luv2give
@luv2give, so whats your stance now?
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