Bitcoin moves to test bottom at trend line amid double tops

2018년 3월 29일

Bitcoin price drops past weeks after formation of two double top pattern resulting in a test at historic trend line that gave a boost to its price reaching ATH at $20000. The price however came back in the trend pattern as i defined earlier (see previous chart).

This week is going to be decisive for the price as a breach of trend line will break the historic trend and we might be seeing price tanking below $7000.

However, it seems MACD will not let this happen that easily.

If you see MACD it is making lower lows every since ATH and is now on verge of making higher highs which might result in a short price uptrend.

Note : Trade at your own risk