COINBASE:BTCUSD continues in an overall 2 months + downtrend.
As i write this a low volumen attempt of breaking this downward trendline is taking place.
A failed breakout could easily lead to a retest of the lowest low we've seen this year at the 6K, level probably trigering some fear in market participants, they key level for this is the 0.23fib level.
Macd...
A lot of space for price to move to the upside. Would like to see a pullback back down to daily demand before price pushes higher into daily / weekly supply. Would like to see this trend continue for a while.