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Gruntle
Mar 1, 2019 2:39 AM

Moment of truth for btc 

Bitcoin / United States DollarCoinbase

Description

Symmetrical triangle pattern in a downtrend would indicate that we see a break to the downside. Confirmation should come shortly, and a break down is likely to extend to the $2000-$2500 area.

Weekly stochrsi topping out, but macd crossing slightly positive. We're also hovering right above the daily 50 ema, and a break down/close below the ema with volume would further indicate bearish momentum. Waiting for confirmation.


Neutral with a bearish bias. Best of luck.
Comments
moon333
Thanks for the detailed analysis
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