Get started
CIpher2k

BTC breaks out of one of the downtrends

Long
Bitcoin (BITFINEX:BTCUSD)  
CIpher2k Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis
1
0
trendanalysis
BTC just broke out of one of the major downtrend channels. Let us see if this break out will be sustainable.

Here is the daily chart for an overview:
snapshot
Comment:
BTC is testing the resistance (now support) from the major downtrend.

snapshot
Comment:
Another update:
snapshot
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.