Get started
c_cap11

BTCUSD - W - Ready for the breakout?

Bitcoin (BITFINEX:BTCUSD)  
c_cap11  
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators BTCUSD BTC Relative Strength Index (RSI) volumes pips profit Weekly Charts breakout
5
0
trendanalysis chartpattern indicator btcusd btc relativestrengthindex volumes pips profit weekly breakout
Price is compressing in a triangle pattern, volumes are decreasing meaning that we are almost ready for the breakout.
RSI shows a downtrend and the continuation or breakout of that dynamic resistance, with high volumes, may be the hints we are looking for.
1st scenario:
RSI continuation of the downtrend and breakout of the price downwards.
First TP@7390
2nd scenario:
RSI breakout of the downtrend and breakout of the price upwards.
First TP@16200
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.