BTC in "Area of Interest" = Price Action Analysis
As you can see until 29th June 2018,
BTC kept making newer lows everytime it traced downwards.
But on 11th Aug 2018 it made a higher low for the
first time in 2018 suggesting that bear trend might just be getting over.
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Also if you see the rate of drop of BTC has progressively
weakened with each downfall except the latest one which increased but it also made a higher low.
It would be interesting to see if BTC maintains and makes another Higher low of doesn't make a newer low.
=================================
Another thing to notice is we are making a descending
triangle pattern, if BTC breaks on the downside of this pattern. It could possibly make a new low
BTC kept making newer lows everytime it traced downwards.
But on 11th Aug 2018 it made a higher low for the
first time in 2018 suggesting that bear trend might just be getting over.
-----------------------------------------------
Also if you see the rate of drop of BTC has progressively
weakened with each downfall except the latest one which increased but it also made a higher low.
It would be interesting to see if BTC maintains and makes another Higher low of doesn't make a newer low.
=================================
Another thing to notice is we are making a descending
triangle pattern, if BTC breaks on the downside of this pattern. It could possibly make a new low
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