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Quartz-
Jan 17, 2020 6:47 AM

BTC 4 hour - Channels 

Bitcoin / DollarBitfinex

Description

Indicators are riding the Bull Trend still. RSI is way over 50% and this will continue to push price upwards. Turn arounds don't necessarily happen quickly. If price continues on the upwards path, then we could be headed for a Parabolic Drive upwards to who knows when it will stop. Relief seems to be near, but the turn takes a while and the indicators need to find 40% levels for that to have a great effect in a downward trend. Channels posted will help provide a clear early picture for price's trend direction.
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