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Milky_Udders

BTC downtrend channel

Short
Bitcoin (BITFINEX:BTCUSD)  
Milky_Udders Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD downtrend Descending Channel
15
2
trendanalysis chartpattern indicator btcusd downtrend descendingchannel
We are still inside a downtrend channel

RSI same as last year in behaviour

Must conquer MA200 to move ahead

I believe short first to test support then measured move up past MA200
Comment:
COMMENT:

Bitcoin did indeed decline to 8300 and make a measured move up over 200 MA

See my former Bitcoin Descending Wedge Idea
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