BitcoinShort
BTC 1W....Scary
1W chart shows a descending triangle which is usually a bearish pattern. One characteristic of a descending triangle is a contraction of volume which is evident in the chart. Upon breakout volume spikes up. If it breaks out of this pattern, BTC might be going lower to mid 4,000's. Bollingers are also pinching which means volatility is impending. The bulls need to step in for a reversal, all signs point to trouble for BTC.
-RSI bearish
-OBV bearish
-MACD bearish
This is just an idea not financial advice.
-RSI bearish
-OBV bearish
-MACD bearish
This is just an idea not financial advice.
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