cyatophilum

Bitcoin is arriving at a decisive point

BITFINEX:BTCUSD   Bitcoin
We have been seing an ascending base being formed (blue support line), but its angle is smaller than the resistance line (red).
Right now, we cannot say where BTC is going. We are still in a bearish trend, we see more shorts being opened than longs. Volume needs to be bigger to reverse the trend. "There has be a real buy activity to make prices climb, but they can fall off their own weight".

If BTC were to break through the resistance line and exit this triangle with good volume, we can say the trend is reversed.
Keeping you guys updated.


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