BTCUSD repeating pattern
Updated
In this log-chart you see the historical values of BTCUSD on coinbase. The RSI has not been under 40 in a long time. Market Sentiment seems to change to bearish and if we look at the short term channel we can identify a pattern at the ATH and extrapolate this into the future. If we take a look at where the channel and this extrapolation cross, this point lines up with the long term moving average of this currency pair. It's also interesting as this date is very close to the 15th of Januari, which is when Wallstreet bankers get their bonus. Let me know what you think about this chart.
Note
Still on track! Lets see if btc/usd closes below 14500 today.
Disclaimer
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.