Good afternoon folks!
BITFINEX:BTCUSD
It seems like we have a "Cup with Handle" pattern (pink line).
Even though the MACD and RSI have been as flat as a pancake, that seems like it won't last very long.
The volume is quite high which means people are itching to buy (based on the long bottom wick at 13:00).
Now is a good time to buy. Stop at the bottom of the...
So this charade has gone long enough, BTC can not keep ranging for too long it is not its style so it has to make a decision very soon. These are the signs we are looking at to get hints about where we are headed.
1. While on a range BTC keeps violating up trendlines which is a sign of going down.
2. The 20MA (The thin green line) is now moving down toward the...