Cryptoray8

BTC holding the trandline

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
BTC is holding onto this trend line . if this support holds the next leg up will be 5.7-5.8k region. That will also complete 9 touch points in the channel. This channel is divergent but the angle is gentle so the upper may not hold much sway. The lower trend line is turning interesting and should be watched closely in coming days.
Comment: BTC broke through the upper line. This trend is over.

Comments

Cryptoray8 Ronnie_Dong
@Ronnie_Dong, As much as I would like this. Indicator are inconsistent at the moment. RSI shows a correction may be underway.
Reply
Ronnie_Dong Cryptoray8
@Cryptoray8, just wait
Reply
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