Shown in gold, the descending trendline needs to be broken for confirmation that BTC is going to continue higher.
Note
Follow me on Twitter for updates twitter.com/BDesmotNote
Still waiting - common BTC! .. zzzNote
Retesting the trendline hereNote
So far BTC is reluctant to break the golden trendline. There's still hope and if it does, be careful of a head fake. Use tight stops!Note
Moment of truth here guys. This could be a head fake or the beginning of the breakout. A little more patience and we'll see what side to jump in on.Note
Watch for a bounce off the 38.2% FIBNote
So far we're bouncing!
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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.