vvezzola

Danger Zone

vvezzola Updated   
COINBASE:BTCEUR   Bitcoin / Euro
BTC testing the base of the trendline as support for the second time. Price has formed a descending triangle not a good sign. MACD and RSI are bullish, but we need more buy volume to escape the triangle and confirm trend inversion, otherwise I don't think the support will sustain the price for the third time.
Comment:
Good sign the price surpassed 50MA on 1h timeframe. Still fighting for the breakout of the triangle formation.
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