BTC/USD Breakout Downwards

18 июн. 2018 г.

BTC has traded sideways multiple times in the past, as we know this makes for violent breakouts towards the up or down side. The bollinger bands charted are constricting, suggesting potential volatility in the near future. The Triangle does include 3 higher lows , however since we are in a bear market it is safe to assume the breakout will be downwards. The RSI is not yet oversold or overbought, and suggest we may go sideways for a little longer. Overall, I believe BTC will retest that 6.1k bottom we saw a week ago.