BTC: Bitcoin's downtrend line, Bearish unless broken.

Bitcoin have been under this down trendline for couple of weeks , any increase in the price is a bulltrap unless other wise is proven (meaning unless this trendline is not broken, Bitcoin is bearish)
Always keep an eye, if you want to ride these daily waves make sure to set a sell loss just in case the price drops back down.

~DCFreak

הערה:

1st encounter with the down trend line BTC went from 19k to 11k (9k difference)
2nd encounter it went from 16k to 12k (4k difference)

Upcoming 3rd encounter it goes from 14.8 to __k (__ difference)

הערה:

Its getting close to the trend line... up or down? we shall find out.

הערה:

broke up, need sometime to confirm that its not a bull trap, lets wait for a 1hr candle to close about the down trendline.

הערה:

The rise is driven by news that on of early facebook paypal investors bought 20 Million dollar worth of bitcoin in 2017. So people said oh an well known investor believe in bitcoin, lets buy.

Technical analysis can't predict such things. good luck.

הערה:

downtrend line was broken, price is holding pretty well. However, its moving side ways. I will try to update this idea as soon as I can. For now, its moving sideways.

הערה:

Will have an update soon. Sorry guys, I'm having a lot of in real life issues and it getting the best of me.

הערה:

As expected, I was waiting for another big drop. This could be it, or could be the beginning of one.

If this is it, then alts will have one more huge increase then BTC will start a new cycle.

If this is the beginning of a new fall, all alts will keep going down, BTC and ETH will go to really low values, like more than a 50% correction as mentioned in previous analysis.

הערה:

All new updates will be posted in this new idea: