Line Graph of BTC/USD making a perfect bullish pennant for CoinMarketCap and Coinbase investors not paying attention to candles. Bounce overdue?
Line graph version of:
COINBASE:BTCUSD BITFINEX:BTCUSD BITSTAMP:BTCUSD
Heavy resistance at the rising trendline and a failure to hold the $9,000 level, combined with a bearish divergence on the MACD suggest that a retest of $6,000 to $6,500 is imminent. You can see that the price volume trend indicator shows that volume is confirming this price reversal and we are headed back down within the bearish channels we've been bouncing...
