BTC Momentum Towards Potential Breakout of Ascending Triangle

15 בדצמ׳ 2017

It appears that BTC is headed towards testing a potential breakout of an ascending triangle. Momentum can be seen from the MACD taking a positive turn and a spike in volume on the 1h chart. Given that we're currently a bit overbought on the Stoch RSI, I suspect we'll slowly trade up to the resistance at the top of the ascending triangle around 18k before giving it a real test.