Storm - A second try at analysis using trend lines

4 abr 2018

I believe we may see storm go under into the 300's unless there is a breakout.

I drew a descending triangle using trend lines (bullish formation) to explain the last breakout.

I now believe we are in a downwards channel, and the sideways trading will push us up against the top of it.

While I wish we would break through, volume is much lower this time around, so my call is down.

I also drew a horizontal support line, though it may be hard to see. We appear to be resting on it currently. Don't mistake it for the bottom just yet!

"Every morning I wake up and pray to the bitcoin gods" - Anonymous

***Not trading advise, trend analysis only***

4 abr 2018

Nota

It is also possible that we are in a horizontal trading channel at the moment, and are testing the bottom. This is better seen using a smaller time frame, and I am not fully convinced that we are in one. But it's possible.