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Short

Sideways BTC Patterns

BTCE:BTCUSD   Bitcoin / Dollar
66 0 0
For the past few weeks, there have been many periods of sideways. Each of them are similar price action wise and indicator wise.

The RSI 14 gets very close to the RSI 42 and skirts on the top of the RSI 42.
The BBW             moves close to zero.
Stoch RSI forms lower highs on the way down to oversold.

In addition, we are approaching a wedge, as indicated by the blue trend lines.

We can expect a dump to around the 500 price point. It is unlikely that we go far below the white trend line, unless more bad news pops up.
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