BTCUSD is forming a interesting formation now, which is more than one triangle.
BTCUSD is showing a big triangle in the bigger timeframe, another triangle in the smaller timeframe.
This triangle will show the direction when BTCUSD confirms them which can graduate from the
smaller to the bigger triangle in terms of trend direction when they confirmed.
For now BTCUSD is trading below the 55- and 20-EMA which makes it more bearish but when
BTCUS cross above the EMAs with good volume this can easily turn to bullish with continuation.
The RSI bounced at the oversold region which is bullish and therefore it can test higher levels.
The MACD is slinging in one another with the lines which means it is indecisive right now.
TREND: Sideway
FORMATION: Small Triangle, Big Triangle, Double Triangle
EXPECTATION: Brekout
TREND AFTER CONFIRMATION: In the confirmed direction, up or down
PREV: 9158.26
OPEN: 9158.13
VOLUME: 937
DAY'S RANGE: 9089.80 — 9189.00
BTCUSD is showing a big triangle in the bigger timeframe, another triangle in the smaller timeframe.
This triangle will show the direction when BTCUSD confirms them which can graduate from the
smaller to the bigger triangle in terms of trend direction when they confirmed.
For now BTCUSD is trading below the 55- and 20-EMA which makes it more bearish but when
BTCUS cross above the EMAs with good volume this can easily turn to bullish with continuation.
The RSI bounced at the oversold region which is bullish and therefore it can test higher levels.
The MACD is slinging in one another with the lines which means it is indecisive right now.
TREND: Sideway
FORMATION: Small Triangle, Big Triangle, Double Triangle
EXPECTATION: Brekout
TREND AFTER CONFIRMATION: In the confirmed direction, up or down
PREV: 9158.26
OPEN: 9158.13
VOLUME: 937
DAY'S RANGE: 9089.80 — 9189.00