BTCUSDT Testing $6k Support by April 11th
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The overall trend is down since Mid-March.
I used a pitchfork to determine the downward trending range, and it's easy to see there is a downward resistance line, every time the price tries to go above it, it falls right back down.
Price seems to be bounced by this pitchfork.
I'm just using this to record my hypothesis.
I used a pitchfork to determine the downward trending range, and it's easy to see there is a downward resistance line, every time the price tries to go above it, it falls right back down.
Price seems to be bounced by this pitchfork.
I'm just using this to record my hypothesis.
Note
Timeline was incorrect.Hypothesis fails if BTC can break out of the declining resistance line.
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