Very simple BTC analyze with two trend lines. When you study trendlines this is the main rule:
It takes at least two tops or bottoms to draw a valid trend line but it takes THREE to confirm a trend line.
As we can see BTC created the third peak in the downtrend from the all-time high which confirmed my theory that we are still bearish. Btc also confirmed uptrend since the lowest point in February. Watch out closely on which side BTC will break the trendline. I am still very bearish and in FIAT, trade carefully.
Edited: The main downtrend line is from the all time high peak which you can not see on the chart.
It takes at least two tops or bottoms to draw a valid trend line but it takes THREE to confirm a trend line.
As we can see BTC created the third peak in the downtrend from the all-time high which confirmed my theory that we are still bearish. Btc also confirmed uptrend since the lowest point in February. Watch out closely on which side BTC will break the trendline. I am still very bearish and in FIAT, trade carefully.
Edited: The main downtrend line is from the all time high peak which you can not see on the chart.
