Tangent1

Short Term price recovery but midterm price breakout

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
current downtrend was caused by a bearish rectangle / and the double top
Currently there is a gartley bat / cypher armornic pattern that might complete at 6900usd which could mean a short term price recovery but the resistance will probably make that the price fall to(or below) trendline
if the 6900usd support is broken,is possible that BTC might drop to 6000usd, if it drops from current trend line is better to sell,because the RSI doesnt show BTC has finished to be oversold
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out