ft-73

No need for fancy stuff. Simplicity works.

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
We have a big and almost symmetric triangle on candlestick chart, which is further confirmed by RSI .

All you need to do is to sit and wait for breakout of both.
Comment: By the way, if you zoom in a little and add a few indicators:



You'll notice that:

* price touched today the upper bound of the triangle on candlestick chart, which is a resistance
* price sits almost at the upper bound of the triagnle on RSI chart, which is a resistance
* price sits almost under upper Bollinger Band
* Price sits on the edge of Ichimoku Cloud
* Price sits just under EMA 50

That's quite some resistance ...

Don't pick a side now, it's not worth it.
Be patient.

Sit on the sidelines and play the breakout.
Comment: Peeking inside the triangle.

We may have either a diamond top or a half staff.
http://thepatternsite.com/diamondt.html

Difficult to say.



Anyway, it means volatility is coming.
Comment: Patience.
Comment: Well, clearly a diamond top ...
Comment: Rising wedge at target, price near support.
It's likely a pullback and a ABC orrection.
Next few hours will tell.

Comment: ABC, as expected
Comment:
Comment: Now likely to rebound
Comment: We're back to the first half of december, with lots of manipulation.

Five times today we had an attempt of breakout rejected methodically.
It's getting a tad boring.
And ridiculous.

Comment: The last one, minutes ago, was appalling.
Couldn't believe my eyes.

Sadly this volume allows this kind of stuff.
Guarda ema 20-50-100-200 su 4H e 6h sono gia posizionate sotto ben incrociate, su 12h l'incrocio 50-100 sta avvenendo ora
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