Looking for further continuation of the down trend.
Here on the 1hr time frame we have what looks to be a nice bear flag.
Waiting for the breakout down for confirmation.
This pattern will be invalidated by a close above the previous High and or the zone just above.
BTC Up or Down?COINBASE:BTCUSD
BTC - USD is testing 4hr timeframe trend line
The ascending trend line in green is our support.
We are below the 20 MA currently (bearish)
RSI turning bearish
Careful if we find support on the trend line BTC could be bullish
A break below the trend line is more bearish
Here LTC has broken above a major moving average with a very strong move and close.
What we could see is a retest of the yellow moving average for a continued run up.
Feel free to post your thoughts in the comments below
Here we see the history of BTC/USD on Bitstamp
The total cycle of the last bear and bull market
Where BTC is currently at in this cycle is about in the middle.
Will we see BTC repeat history and enter into the next bull market around the same time?
Lmk what you think
Here we see BTC testing the 25 SMA as support on the 1D chart, as well as the top of the descending bullish channel.
It will be interesting to see if this level will hold hold as support.
We see here the the MACD is curling over about to cross
The RSI has bounced off the 50 - 52 level as a resistance and is trading around 44
(both of these points are...