Salmonchild695

Salmonchild695

BTC has a way of repeating itself, it can be seen when looking at the weekly 21EMA acting as support for the bullmarket, it can be seen in fractals, it can be seen in a lot of different analysis. So at this point, I have been struggling to find out which way the market is going. ETHBTC seems to have a breakout, yet BTC struggles to find a real resistance. 3.1B of...

Salmonchild695

Based on lower timeframe analysis, BTC might reverse here. RSI shows bearish divergence (weak signal though). On lager timeframes (1D) you might be able to identify the beginning of a possible bullish triangle (bullflag) forming. Speculations, but might be an interesting situation.