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alexandrejosesimoes

BTCUSD Weekly

Bitcoin (BITSTAMP:BTCUSD)  
alexandrejosesimoes  
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Harmonic Patterns Technical Indicators BTCUSD Weekly Charts tdsequential Descending Triangle
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trendanalysis harmonicpatterns indicator btcusd weekly tdsequential descendingtriangle
Hello,

The descendig triangle target has pretty much been reached. The 200 week MA seems to be supporting the price. The RSI is touching the oversold condition.
I would not be surprised with a relief rally into the 128 week MA, around 5k, before resuming the drop.

Best regards,
Alexandre Simões
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