CPB, 4-hour candles.
Descending yellow line is drawn from the last day of the $6000-$6300 floor (14 Nov 2018, $6293) to the local high on 24 Dec 2018 ($4239).
Shallower of the ascending yellow lines is drawn from the local low on 18 Dec 2018 ($3437) to the next local low on 27 Dec 2018 ($3567).
Steeper of the ascending yellow lines is drawn from the yearly low on 15 Dec 2018 ($3130) to the local low on 27 Dec 2018 ($3567).
BTC made it all with way in to the apex of the descending and steeper of the ascending lines before taking a mini-dump. I wouldn't write off the steeper of the ascending lines just yet, but the descending line has been in place since the middle of November, and is backed by the 50-Day SMA (dotted orange line).
Descending yellow line is drawn from the last day of the $6000-$6300 floor (14 Nov 2018, $6293) to the local high on 24 Dec 2018 ($4239).
Shallower of the ascending yellow lines is drawn from the local low on 18 Dec 2018 ($3437) to the next local low on 27 Dec 2018 ($3567).
Steeper of the ascending yellow lines is drawn from the yearly low on 15 Dec 2018 ($3130) to the local low on 27 Dec 2018 ($3567).
BTC made it all with way in to the apex of the descending and steeper of the ascending lines before taking a mini-dump. I wouldn't write off the steeper of the ascending lines just yet, but the descending line has been in place since the middle of November, and is backed by the 50-Day SMA (dotted orange line).