BTC Bear Trendline
Updated
I want to point out the current BTC bearish trendline that has been opposing BTC breakout since mid march (13 march).
Overall, this is still on a bullish descending triangle, as you can see theres one bear trap on a fake breakout that has bounced on the 0.382 fib retracement level, the bounce was strong but not strong enough to pass the bearish trendline.
However with the current fundamentals running, as stimulus package comes in, lack of btc supply in exchange, we should see a breakout sometime in April, but in the short term, lets see how this triangle play out
Adios Hijo:)
Overall, this is still on a bullish descending triangle, as you can see theres one bear trap on a fake breakout that has bounced on the 0.382 fib retracement level, the bounce was strong but not strong enough to pass the bearish trendline.
However with the current fundamentals running, as stimulus package comes in, lack of btc supply in exchange, we should see a breakout sometime in April, but in the short term, lets see how this triangle play out
Adios Hijo:)
Note
It has broken out bros, amazing amazing breakout...
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