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Thursday, August 27, 2020

$BTC 2020-AUG-28

$BTC 2020-AUG-28


BTCUSD has broken below it's rising channel , and is now morphing into a ranging pattern.

  • There is a short term trending falling resistance (purple line) that correlates nicely to the drop in RSI ; however the lower recovery point on RSI is maintaining just above the oversold range.
  • Some good spikes on volume , but generally pretty stable...
  • A breakdown of the range will likely see a pull back and retest of the previous resistance in the low 10xxx zone.


from Trading Ideas
via gqrds

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