UmairEjaz

BTCUSD about to breakout? but which way?

BITFINEX:BTCUSD   Bitcoin
BTCUSD as we all know the sideways action hero currently battling with the resistance that is acting as lower high we can see that 200 ma on daily is infact getting lower as the price is getting sideways currently its resides at 7300$ in the past we havent manage to break that resistance but since its now getting lower it might be possible that btcusd will have much easier time breaking this resistance and overall breaking the triangle to the bullside which would result in a possible 9k $ although we havent yet seens any volume to justify that. so we need to wait but sooner or later we should get a huge volume i hope its to the upside as yearly quater has already started and it should give some positive price action.

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