XBTUSD 1D - 04.2018

9 Apr 2018

We are still in a downtrend and are slowly coming to the end. There are 2 striking hurdles for April. a descending resistance line from 05.03 and a descending resistance line from the all-time high which runs at about 7600. A descending underscore line of 24.02 with the line of resistance of 05.03 forms a wedge which should complete its formation to the next time cycle low against 26.04. An eruption from this wedge is expected by the end of April.