Aurocks_AIF

Bitcoin Boiling for Breakout

Long
BITFINEX:BTCUSD   Bitcoin
BTCUSD pushing against 20 MA, which proved on more occasions as an instrumental support/resistance during uptrend/downtrend. Consequently, after fluctuating in a continuously tighter range, RSI will break above the 50 mark. Since the beginning of the year, the fluctuations inside the triangle have moved with higher volumes volumes north, noticeable on the OBV indicator window. Moreover, OBV has never broken the trend line ever since it has started the uptrend in 2015.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.