HarrisProng

BTC/USD Breakout Downwards

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC has traded sideways multiple times in the past, as we know this makes for violent breakouts towards the up or down side. The bollinger bands charted are constricting, suggesting potential volatility in the near future. The Triangle does include 3 higher lows , however since we are in a bear market it is safe to assume the breakout will be downwards. The RSI is not yet oversold or overbought, and suggest we may go sideways for a little longer. Overall, I believe BTC will retest that 6.1k bottom we saw a week ago.
All feedback appreciated!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out