Technical analysis 09-04-2018 | Has Bitcoin finished falling?

Following the announcements of Rockefeller, Soros, and Rothschild announcing the entry of money in the world of cryptocurrencies the market seems to have recovered.

As we noticed yesterday, good news is arriving in the cryptocurrency space giving confidence back to those who had lost hope.

Linear scale 1D:

We were thus able to come back above our long-term resistance and even managed to get out of our descendin wedge, which is positive for the future.

Linear scale 1H:

While it is still early to announce the end of the decline, we can still hope that these announcements will continue to have a positive impact in the days ahead.

Linear scale 15min:

We notice the formation of a bullish channel in the short term. For those who like to do day trade it may be good to play the rebounds in this channel but beware of a downward break (4h RSI looking to go down). It's still early in the day and volume could get us out of this channel.

Are we done falling?

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Disclaimer:
Ceci n'est pas un conseil en investissement | This is not investment advice. DYOR