BTC On Long-Term Trendline Support

25 May 2018

Support coming in from a trendline that began on July 16, 2017. 1) BTC needs to make a quick drop below, shake out stops and then recover to have a chance at rallying 2)Dig in here and make a higher high. 3) Lose the support and quickly drop to previous support on the daily, which was 6500-6800.

Lack of volume is showing complacency. The current trend down is on day four. The hourly chart not shown has a current triple bottom.