XBTUSD has been trading in a range between 6200-6700 for about 20 days now. For the past 2 days we've been in the 6350-6450 range which we just broke out of by breaking 6500. We will probably trade the 6450-6550 range for the next few days possibly through the weekend. If this happens it will form most of the top of the right shoulder of this potential head and...
After hitting an all time high of BTCUSDSHORTS we had a bit of a break out to the upside on XBTUSD liquidating many shorts and breaking up above the strong 7100 level briefly. Expecting a small retrace to between 6800-6900 which would form a pretty solid cup and handle. Volume is still on a slow but steady decline even during this break out to the upside. Feeling...
This is just a 15min chart with indicators on it that are useful for scalping.
Created this yesterday before the drop happened and it somewhat followed this path. It will be interesting to see if it holds and bounces back down at the 78.6 or crashes through and tries to make a new high. Overall the market has been looking and acting a little toppy so I'm bearish on this one.
Looks sideways and bouncing for now. Nothing confirmed. Downtrend still present.