Bitcoin is looking to break out as it tests the top of this triangle for the sixth time . We now have the MACD cross showing momentum rising slightly, but decreasing volume and the MFI indicator is decreasing .
I haven't done any fundamental research into current news stories that could have a bearing on price so this is strictly a TA perspective from a beginner .
There is still a lot of time left on today's candle , and most of the US market is turning in for the night , so maybe volume will pick up .
My opinion is that there just isn't enough volume to give it the push it needs to break through the top of the triangle today ...... But , this is crypto so things can change in an instant .
What do you all think ? Will we break out of the triangle ? Will volume pick up as the week goes on? Please leave a comment below with any opinions , critique , or technical analysis .
* Drawn on Android phone. Please excuse the small size .
Not Financial Advice. For education & entertainment purposes only .
I haven't done any fundamental research into current news stories that could have a bearing on price so this is strictly a TA perspective from a beginner .
There is still a lot of time left on today's candle , and most of the US market is turning in for the night , so maybe volume will pick up .
My opinion is that there just isn't enough volume to give it the push it needs to break through the top of the triangle today ...... But , this is crypto so things can change in an instant .
What do you all think ? Will we break out of the triangle ? Will volume pick up as the week goes on? Please leave a comment below with any opinions , critique , or technical analysis .
* Drawn on Android phone. Please excuse the small size .
Not Financial Advice. For education & entertainment purposes only .
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.