BTC still traveling in Bear Flag channel and indicators are still showing that it is oversold at this point. I'm expecting a break of the channel downward very soon.
There is a huge bear flag forming on BTC:USD along with Stoch RSI that is oversold on multiple time-frames. As soon as we break out of this channel I would expect a sharp correction downwards in price. Overall, I'm bearish on BTC mid-term but bullish in the long-term. There will be a bullish reversal eventually but the time is not now.
OST:BTC is forming a cup and handle formation on the 15m, 1h, and 4h timescales. If the resistance ~2300 is able to be broken then we can expect OST to make a strong bullish move upwards.
There is a sharp ascending wedge forming on the 4h view of BTC:USD. MACD and RSI are indicating that it should continue going up in the immediate short-term. I would expect the price action to carry it to the ~9200 area but we will see a correction downwards shortly afterward. It would be wise to lock in profits before BTC breaks downwards and prepare to rebuy at...
