gandolfthegray

BTC 2-hour RSI/MACD may be heading back to test the lows

gandolfthegray Updated   
BITFINEX:BTCUSD   Bitcoin
BTC has had a nice run, but traders may be ready to take some profits. RSI and MACD on the 2-hour charts has had lower highs since December and it has moved through the top of the triangle. If this previous triangle pattern holds true, then BTC will drop again.

This isn't a trade recommendation, but highlighting a potential change. If it drops, it may drop very quickly to recent lows or even lower.
Best of luck.
Comment:
Similar information visible on the 4-hour.

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