CoryKlein

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CoryKlein CoryKlein BTCUSD, D,
BTCUSD: Long-term resistance broken
58 0 0
BTCUSD, D
Long-term resistance broken

A spike in price yesterday broke through the long-term resistance lines on the logarithmic charts. This may indicate a trend reversal.

CoryKlein CoryKlein BTCUSD, D, Short ,
BTCUSD: BTC Trend Analysis indicates continued downtrend for 3-10 weeks
129 0 3
BTCUSD, D Short
BTC Trend Analysis indicates continued downtrend for 3-10 weeks

The current 4-month long downtrend is a correction to long-term support channels from late 2013 and from 2012. These channels begin to intersect the current established trends as follows: 3 weeks: current resistance meets 2013 upper support lines 4.7 weeks: current resistance meets 2013 lower support lines 10 weeks: current trend mid-line meets 2012 support ...

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