Bitcoin has been moving in this massive triangle for a long time now
so it will soon reach a decision time.
The RSI is also moving in a clear triangle so it´s really just a matter of time for it to breakout.
Prepare for both scenarios but personally I tend to lean more towards a continuation of the bear market.
Cheers,
Ben
so it will soon reach a decision time.
The RSI is also moving in a clear triangle so it´s really just a matter of time for it to breakout.
Prepare for both scenarios but personally I tend to lean more towards a continuation of the bear market.
Cheers,
Ben
And taking a look at this and my prediction the bear market did indeed continue, very heavily even.
Since we closed even below the downtrending channel this can go deeeeep.
Just posted a new chart on what we can expect next.