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chart_insight
Jan 19, 2021 10:01 PM

INDECISIVE situation for BITCOIN Bulls and Bears: Wait & See! Long

Bitcoin / United States DollarCoinbase

Description

If BTC is stable above the midline, BTC has a very high likelihood to breakout the triangle and continue the strong bull trend.
The RSI looks in a decisive zone. Ranging and sideways in a couple of 6HR candles are likely.
There is a big CME gap at $23900, and there is a possibility it can be filled (but not always).
A breakout above the triangle is a solid decision to continue the uptrend.
Comments
jeroenvangils
Great analysis!
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