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jcgordon
Jan 25, 2018 11:18 AM

Potential BTC breakout from downwards channel - 1h chart 

Bitcoin / DollarBitfinex

Description

BTC is showing signs of a buy signal on the 1h chart. The lagging span has pierced the Ichimoku cloud and the K line is crossing over the D line of the stochastic RSI. Futhermore BTC has found support on the centre line of the Bollinger Bands. If BTC clears the downwards channel (green) trend line then we could be back in bullish territory. The 4h chart is less convincing though. To be continued...
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