BTCUSD price is stuck between the 200 Day MA at $8,311 and the 200 Day EMA: $8,768. Waiting for a close above 200 Day EMA ($8.8K) or below 200 Day MA ($8.2K) to open a long/short position. Daily RSI oversold, CMF has turned bearish, MACD looks tragic. Waiting for the next breakout or fakeout, likely downwards.
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Trading idea: Another Descending Triangle On 1hr Chart
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Price now forming a symmetrical triangle, for now.
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Now formed a symmetrical triangle, here's the analysis:
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Starting to look more like a bear flag already:
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