k6

Bitcoin Trading Range Extremely Tight

Long
k6  
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Super hard to make calls from here. The trend lines are clear but can be broken. If the bottom trend line of the triangle gets broken here we are headed down and fast. Though I don't see this scenario as likely given RSI and %R right now scraping the bottom of the ranges. I see BTC continuing to work its way towards the apex of the triangle impossible to call but the breakout in either direction should be pretty violent.
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