From the chart, we could easily figure out the importance of trendline. Each time bitcoin failed to break the downtrend line, it went lower and lower. Once it broke the downtrend line, there would be a strong bounce.
Now, we have reached the downtrend line once again. Long if it break, otherwise short.
Now, we have reached the downtrend line once again. Long if it break, otherwise short.
Comment:
Downtrend line broke
Trade closed: target reached:
Wow bitcoin reached 7788. Take profits and watching for next opportunity.