MrJozza

PRICE CONSOLIDATING IN A TIGHT CHANNEL - with proper chart.

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
13
Apologies for earlier chart, did not update due to technical error.

It appears the price is consolidating in a tight triangle/channel. Should the price break this to either side, I will be placing a position to take advantage of the same. There is a pseudotriangle on OBV as well with two small breaks to the downside with another coming up soon. While it appears to be a 50/50 bet on either side, I believe it will break down.