BTC downtrend continues (for now) . . .
In keeping with my approach of less is more, and looking at linear price data (I only like to use log when looking at the more macro-long-term trends) you can clearly see that the current price action is testing the resistance level of the top of the downtrend channel (top green line).
We can also see that a nice, if admittedly imperfect, inverse head-and-shoulders pattern has developed, so we need to keep an eye on the price action for a potential break-out to the upside, above the top of the downtrend channel (top green line).
We can also see that a nice, if admittedly imperfect, inverse head-and-shoulders pattern has developed, so we need to keep an eye on the price action for a potential break-out to the upside, above the top of the downtrend channel (top green line).
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