Ive put in a simple down and uptrend line for BTC.
If BTC fails to finish a candle above the uptrend we can expect further correction. Once BTC breaks the downtrendline, we can know that we are in Bull Mode again. Again, so far we dont have the confirmation, as e could still be in the extended Bear trend. However BTC hasnt corrected for more then 40% in a long time....
This is on 4h chart.
If BTC fails to finish a candle above the uptrend we can expect further correction. Once BTC breaks the downtrendline, we can know that we are in Bull Mode again. Again, so far we dont have the confirmation, as e could still be in the extended Bear trend. However BTC hasnt corrected for more then 40% in a long time....
This is on 4h chart.
Comment:
BTC fell below the uptrend line. Be careful everybody, it might crash down alot, or start consolidating.