BTC Continuation

BTC Continuation

Good morning all,

BTC seems to be in a state of continuation. At this point, it is hard to consider that we have broken out of the downtrend as BTC keeps failing at $8299. Last week we saw a couple pumps, but nothing significant enough to consider BTC to be trending upward.

With that being said we have a new week on our hands. The daily chart is showing a bull flag , which would be considered valid until BTC breaks 7940. Momentum needs to pick up again for bulls to have a chance at completing this reversal.

Until then give respect to the major trend, and identify major supports and resistances as BTC may continue sideways.

Published at Mon, 13 Jan 2020 13:40:21 +0000

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