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bands bollingerbands movingaverage oscillator supportandresistance trendanalysis volatility Less Tags Show All Tags
BTC sideways crap until December 2018?
BTCUSD
, 1D
BTCUSD: BTC sideways crap until December 2018?

This long sideways crap may be drawn out until December. I do believe that there is a high probability that 6,000 was the bottom and we may range between 6k and 9k for quite some time. Volatility has been going down steadily, tightening the ranges. Zoomed out, the whole crash looks like a bull flag that may continue the uptrend after a breakout. Declining volume...

BTC Bounce in mid June to close monthly in 8-9k range.
BTCUSD
, 720
BTCUSD: BTC Bounce in mid June to close monthly in 8-9k range.

After consolidating in this range for nearly 2 weeks, the bear flag broke down quite violently. There was a high volume sell off and this could be the beginning of 1-3 days of capitulation selling to finally form a proper bottom.

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