easonjm11

BTC - consolidating triangle formation

Long
COINBASE:BTCUSD   Bitcoin
BTC may have bottomed for 2018, and may be showing signs of bullish movement, but we have to still respect the larger trend from the later part of 2017. BTC, at the moment, is going sideways consolidating into a relatively small triangle formation, struggling to get above the 50 EMA. With price tightening into a smaller and smaller range, a breakout to the top of the channel is possible, especially with the continued news of the bear market ending. RSI @goshavis looks pretty neutral at the moment, which means BTC is fairly stable a current levels. People who are in the know are accumulating massive amounts of digital assets at current levels because they may never be this low again. 2019, especially the second half of the year, should be an amazing year for BTC and others.
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