BTC:USD Imminent; Parabola set to test resistance 60:40 Bullish

17 thg 9, 2019

BTC is in a tightening pattern, with declining volume and the daily RSI in a descending channel all indicating we could be in for a break sooner then the general market thinks. Look for a test of the downward sloping (red) triangle line in the upcoming days. Second confirmation of a bullish break out will be a close above c.11k, with a target of c.14k (double top)

If it breaks down we have the upwards sloping triangle trend (green) and 21 EMA (weekly) just below it acting as support.