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derektwlee

BTCUSD: Accumulation Cylinder with Widening Mouth

Long
Bitcoin (BITFINEX:BTCUSD)  
derektwlee Updated   
BITFINEX:BTCUSD   Bitcoin
Chart Patterns Trend Analysis BTCUSD
2
2
chartpattern trendanalysis btcusd
BTCUSD is accumulating with accumulation cylinder with widening mouth.

There are two scenarios I have in mind as you see.
In long term, I recommend long.
Comment:
Because daily RSI is very high, I think scenario #1 is likely to happen.
Comment:
snapshot
Other possible scenario.
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