ntaoussanis

BTC downtrend continues (for now) . . .

BITFINEX:BTCUSD   Bitcoin
In keeping with my approach of less is more, and looking at linear price data (I only like to use log when looking at the more macro-long-term trends) you can clearly see that the current price action is testing the resistance level of the top of the downtrend channel (top green line).

We can also see that a nice, if admittedly imperfect, inverse head-and-shoulders pattern has developed, so we need to keep an eye on the price action for a potential break-out to the upside, above the top of the downtrend channel (top green line).

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.