Holding the Main Trend...But for How Long!!!!!!
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It looked as though BTC had a real shot at the $7100 area after moving above $6600 earlier, but it is now testing the main trend support. For now it continues to hold, but has crossed through twice now. With a negative trend still intact on the daily chart, the current trend on the 2 hour chart doesn't look promising.
Maybe BTC can hold support near it's main trend and begin to develop a more constructive pattern. For now the wind in the sails is gone!!
Best of Luck!
Maybe BTC can hold support near it's main trend and begin to develop a more constructive pattern. For now the wind in the sails is gone!!
Best of Luck!
Nota
We've gone right to the main trend stop and continue to hold!! Definitely looking for a little breathing room now!!
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