cryptopicasso

7 day triangle coming to an apex

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
157 0 0
After almost 2 years of down trend BTC is looking pretty bullish
on the daily chart we can see that the stoch RSI is on the floor, MACD looking ready to cross over after a 7 day flat correction from the last wave up. we have also held the 76% retracement which BTC loves to visit
We have formed a 7 day triangle in this correction and to be cautious have instructed my group to wait for it to break up or down before entering a trade
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