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Thanks for the reply, I actually sold all my Bitcoin and...

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Bruno81

2,412 Posts.

225

08/12/19

17:40

Post #: 41858047
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Originally posted by Michael2 ↑

The last week's trading action saw a continuation of an existing downtrend, where daily highs have repeatedly failed to break through a descending trendline (orange line)

@Bruno81 - after 5 failed attempts to break the trendline, I'm not sure if BTC will be going up in the next few days. It feels strange how the 4 most recent circles (in the diagram above) neatly touched the trendline before going down.

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Thanks for the reply, I actually sold all my Bitcoin and etherium the other day, will buy back in when/if solid uptrend happens, 30% loss was already past my usual stop.
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