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Cryptoray8
Apr 30, 2019 3:34 AM

BTC holding the trandline 

Bitcoin / United States DollarCoinbase

Description

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