Bitcoin looks like it is about to make a move according to the one day chart.
Some things to note:
- Bitcoin is trading on the 50 day moving average
- The volume is declining
- Bitcoin is nearing the upper line of the descending triangle
- The MACD is about to cross bearish
- The current candle is bullish
I think the odds oa 60/40 in favor of a bull break as a symmetrical triangle pattern has not formed since Oct 2017 and that break was bullish.
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