JohnNMex

History doesn't repeat itself but it often rhymes

BITFINEX:BTCUSD   Bitcoin
The current uptrend has an uncanny resemblance to the one in April. In both cases the first top got rejected by the golden pocket, 200 daily ma and touched the upper band of the BB. In both cases RSI had a high value at the first top and when BTC created the 2nd top RSI had la lower high and it didn't touch the upper band (M top BB pattern). Price action should be watched closely if BTC creates a higher high but it doesn't touch the upper band and the RSI has a lower high.

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