quachy

quachy Updated 

I believe a short-term bottom is forming here at the $5,900 level. In the left blue box, we can see that the price stabilized and rebounded in a meaningful rally from $6.8K to $9.8K, a 44% gain. I think we’ll see the same pattern as the price stabilizes around the $5,8000–$6,000 level and the daily RSI (the purple line in the RSI indicator) begins reversing for...

quachy Updated 

Bitcoin has been trading within a symmetrical triangle these past two weeks. Notice how after Bitcoin reached the top line a third time, it was quickly sold down to the bottom line, but the bulls came in and scooped Bitcoin back up from the bottom line. Now, Bitcoin is nearing towards the triangle’s apex. The triangle ends on January 29 and depending on where...