Declining Interests Could Lead To Impending Doom

١٦ أغسطس ٢٠١٨

Off my previous analysis where bitcoin breaks out of the falling wedge, we did see price break out the downtrend channel. But looking at the volume, it shows very weak signs and it could be overcome by bears easily back into the channel. Some good signs show as prices bounce above the falling wedge as support, but we need to see some interest in volume soon for a bull run or we could very well go back to $5700-5800 before attempting another rally.

Also a descending triangle is also forming on the charts. Breaking out below the bottom of the triangle could also lead prices to $5700-5800.

١٧ أغسطس ٢٠١٨

ملاحظة

Top trendline is being penetrated! Will we see large volume to invalidate this descending triangle?

١٧ أغسطس ٢٠١٨

ملاحظة

We have some good news, descending triangle pattern invalidated!