BTC/USD down trend channel

3 בפבר׳ 2018

Personally, i don't see any signs of a reversal yet (unless we continue this bounce above 10k). Big accumulation zone is highlighted in the rectangle. The lower green trend line is a long term upward trend line that was established prior to the recent parabolic move. A correction to this level should signify a big buying, and should be enough to push us up and out of this down trend channel. Personally, I am opening positions when the price dips down to the lower support of the down trend channel and at the key support lines drawn. I think we have about 2 weeks before we see any full on bull confidence.

3 בפבר׳ 2018

הערה

for those who are buying their way down, I would take some profits along the upper down trend line