Bitcoin: Inside The Triangle

Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin (BTCUSD).

BTC Price looks like it is headed back down. The chart shows how many touches on the top and bottom of the triangle in both price and RSI. Keep an eye on the 0.382 Fibonacci Retracement level as well as the 0.618 level if price starts moving up. Also if price starts heading upwards, keep an eye on the Ichimoku Cloud resistance above.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk