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JoshNJ82
Feb 21, 2018 2:42 PM

Downside break of ascending channel 

Bitcoin / U. S. DollarKraken

Description

XBTUSD has dipped below the trendline of the ascending channel. The indicators favor the bears slightly with the macd line crossing below the signal and RSI dipping below 50. A dip below or break above the rectangle pattern (yellow dotted lines) should signal future up or downtrend.

Comment

An aggressive but risky entry could be placed on the lower short-term trendline ($10,500) with a target of $11,100. Place a tight sl and trail accordingly

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