The Bitcoin doesn´t seem to want to leave the symmetric triangle in this daily chart, yesterday it broke the support slightly and today's recovery has taken it back into the formation, if the break down is confirmed we could be close to a massive sale in the long term.The 100-EMA and 200-EMA periods are very close and a downward crossing of the 100-EMA over the 200-EMA would be a strong indicator of more sales for the pair. However, the RSI and the Stochastic show overselling or suggesting fatigue in the sellers and opportunity for the buyers to enter the market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.