Hi fellows, Previous corrective trend still in force. Break above the trend line with strong power will resume the bullish trend. Look for short term sell under that trend line and then look for buy for longer term over the bigger structure trend line.
Komen
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Here is the lower time frame update. Look for sell on the breakout and then look for buy close to 786.
Your downtrend line from 350 to 284 is frankly extremely sloppy, hovering a full $5+ above the points at 304, 301 and 293 where it should hit. Drawing it correctly will show we actually had a breakout at 280 instead of supposedly still hanging below the downtrend line you've drawn. It's almost like you purposely drew it incorrectly to support the downtrend narrative. We still have significant overhead resistance from 285-300 though so not in the clear yet.
Wave-Trader
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@Bitcoin_Express, please can you correct me by drawing trend line correctly and showing your chart.? Thanks