BitcoinUpdated Fakeout vs. breakout, IMHO still following a downward trendline
I am hopeful we will turn this around soon, but I'm just not sure we have enough powder to push upward out of the downward trend.
We seem to have confirmed the lower support twice and if we are able to post a higher low, who knows, maybe we can turn this around sooner rather than later.
IMHO of course. Not financial advice.
btw the way - thank you TV team for the House Rules. Personally though I think we should auto-hide dumb posts rather than let people know ahead of time. And if this is a dumb post, well then I deserve it. :-)
We seem to have confirmed the lower support twice and if we are able to post a higher low, who knows, maybe we can turn this around sooner rather than later.
IMHO of course. Not financial advice.
btw the way - thank you TV team for the House Rules. Personally though I think we should auto-hide dumb posts rather than let people know ahead of time. And if this is a dumb post, well then I deserve it. :-)
Note
A wider view, we are just above a downward trendline. Can we lift off?
Note
So far having difficulty getting above the downward trendline.Note
Confirmed breakout!?Note
Nope. Fakeout confirmed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.