BTCUSD ignore 10400, concentrate on the sloping support!

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We may completely ignore the 10400 support has it got breached in both directions and turn focus to the sloping support line. The descending support line has played resistance as well in the past. We therefore left with a broadening descending pattern and this is good news for both bears and bulls depending on the breakout direction. Don't be fooled though we need more data to decide if this is indeed a bull opportunity and not a trap, as chances of a crash are still very eminent as we still failing to get past 10700 and above 11000.

As always Trade Safely, Happy Trading.