The BTC price is down since December 24, 2018. However, the triangle suggest that there the price several time has been touched the upper side of triangle and one stick out for upper price have seen. In my opinion there is strong possibility for rally but there is lack of volume. In case we have higher volume in next days we would have a rally for at least 4300 in other wise it will be dumped to 3900.
Note
The volume was not high enough to break for higher price. Then the seller was win and a real dump was observed. The trend line is similar to Bart trend-line also. The minimum price for now would be 3845 or 3766. Trade closed: target reached
It a little bit late update, already we reached to 3900 channel so close this analysis. hope you enjoyed the trend analysis.Note
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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.