BTCUSD
BTCUSD
BTCUSD
Entering Day 6 of the hourly pennant with a (up/down) breakout set for today / early tomorrow.
State of play: Decreasing volume since June 13th, consolidating in a tight decreasing range.
Technical analysis: Daily RSI has flattened at 34 (bearish). Re-discovering resistance at the 20 MA (6-hour).
Triangle expiry: Midday June 19th. Price needs to get above the 20 MA today to continue up hill.
Prediction: Breakout down to $6k over next few days (lined up at 30 RSI)