Bitcoin - Pitchfork, triangle and RSI
BTC/USD is currently trading inside a pitchfork and forming an ascending triangle, which might pop and go through $9000 resistance, up to $9200 to $9300 range.
On the other hand, it's showing a decreasing RSI, which might play out as a bearish divergence. Also note how the amount of longs is declining and the amount of shorts is flat line.
On the other hand, it's showing a decreasing RSI, which might play out as a bearish divergence. Also note how the amount of longs is declining and the amount of shorts is flat line.
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