dennisdaiber

BTC/USD calm before the storm

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
On a 4-hourly chart bitcoin price action formed a falling wedge that broke out to the upside, almost reaching its appointed target. The price went up 8%, before crushing back within a few hours. Bulls tested hight, but got almost immediately rejected by bears indicating a lack of strength to break above previous high at $7900. During these choppy moves, EMA ribbon lost its significance, RSI is in the mid ranges and the volume is very low. This seems like the calm before the storm, while major transactions are happening behind the scenes.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library 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