Post
Topic
Board Trading Discussion
Re: BTC still not out of bear trendline?
by
logan16j
on 01/05/2018, 10:06:17 UTC
People said we broke the december down trendline but everyone is drawing it from the december upper wick down
If you ignore the wick this is what you get:



BTC seems to be reacting to it now and this would mean the down trend hasn't been broken yet.

Thoughts?
You can see that the price of bitcoin in recent days is constantly fluctuating and difficult to predict, although bitcoin prices are constantly increasing but often there are dramatic drops from $ 100 to $ 200 to test market psychology. So although I'm uptrend but I think this is just uptrend in the short term. Bitcoiners want to increase in the long run, must pass the $ 19800 mark.