Swizam

That Ascending Triangle

Swizam Updated   
BITMEX:XBTUSD.P   Bitcoin
Hard to say what will happen from this point.
One pattern we could draw is an ascending triangle.
Decreasing volume is an indication that this could actually be an accumulation phase before a breakout to the upside.
But RSI is showing us a divergence.
Comment:
Looks like the bots are looking at the same thing...
Comment:
Buyers trying to push the price higher for the 4th time...
Comment:
Pattern didn't play out this time...

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