TradingView
TradingBTC1
Aug 5, 2018 6:26 PM

BTC with no direction! 

Bitcoin / U.S. dollarBitstamp

Description

Negative viewpoint on BTC as lower highs continue along with MACD crossover to the downside and RSI moving to oversold levels1
Comments
mliberatore
you could probably include the bolinger band squeeze.
TradingBTC1
@mliberatore, Yes, we weigh a lot of our assumptions based on Bollinger bands but we wanted to keep this one simple. Sometimes when you put all the indicators and trendlines and retracements and moving averages on one chart it gets a bit confusing so this one was more simplistic just to make the point. Thanks! There was a more detailed explanation on our site.
TradingBTC1
@btcer, we are not allowed to post a link, sorry!
More