twentya20

BTC on support however possible continuation triangle forming

BITFINEX:BTCUSD   Bitcoin
I expect a push back down to the support (green line) and then if there is no volume I expect us to go lower. Daily RSI is still above 30 meaning there is room to push down. 2h chart showing possible continuation triangle forming. Looks like we will push down to 6100 area (green line) and test the support. Daily chart looking quite bearish, as we are below the 50D, 100D and 200D MAs. Long short ratio shows some longs opened recently however not a huge amount.

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