Name: BTCUSD - Close to support line and would possibly break lower
Uploaded: 2019-08-25T03:34:10.434668
Channel: DowBits
Description: The market could break either way but trading below 50 day MA isn't looking bullish. Most ALTs also trading below 200 day MA so there is divergence there too. If the triangle break lower then fib level .5 and .618 should offer support. On the up break of the resistance level around 12,500 will favour the bulls.

Trend Analysis Wave Analysis BTCUSD

trendanalysis waveanalysis btcusd

The market could break either way but trading below 50 day MA isn't looking bullish. Most ALTs also trading below 200 day MA so there is divergence there too. If the triangle break lower then fib level .5 and .618 should offer support. On the up break of the resistance level around 12,500 will favour the bulls.