A clear Trendline Break On Bitcoin

23 thg 7, 2019This is merely a continuation of the previous analysis which is posted at the bottom of this posting, however, this one is of a shorter time frame, the daily. In this analysis, there is a short term trendline in green which has held for 4 months (approximately) and has exhibited 3 touches, on the fourth, the trendline was broken. In the green oval there is the break and the retest of that trendline, but price was rejected there. This isn't enough for me to state completely that the horn top will play out, however, it gives the horn top on the weekly a greater possibility of occurring. For confirmation of the horn top a break and close below 9600 would need to occur on the weekly. A daily candle which opens and closes below 9600 maybe enough confirmation, depending upon the individuals.

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