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same as before
still bear; use log & channel, instead of single trend lines
It touched-broke the long term support line, will dive again?
It quickly touched and broke into the long term support base line. So, let us watch it. It is now possible to get 7990!
The base-line of the evil H&S, is the major resistant line. But after that, there is another line, the long term base-line.
The positive side: the volume is high! Go BTC!!
added new down trend line
The evil reverse H&S bounced it back! Now, at 10000, the downward channel now is support, and so is the long term base trend. However, if the two cannot make it, then, BTC will fall to 7990 or even 4914.
Low volume indicates it will fall; trend based Fibonacci extension predicts 10, 785.
But I believe it is a short swing, so, will use it as a buy opportunity.
just first one. trial