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BannanaTrader
Jul 29, 2021 4:03 PM

Quick Price Correction and Rebound 

Bitcoin / United States DollarCoinbase

Description

As you can see, Bitcoin has been forming a massive Breakout Triangle......

If we take a look at the MACD and RSI we can see that they've both been forming bearish divergences.

That being said, a correction and rebound off of 36,300 (since it's a main support) would be likely.

Good luck
Comments
GrouchPotato
It appears to be entering the apex of the formation now. We should be seeing a big movement soon!
BannanaTrader
Right on time
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