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BTCUSDT- August 10, 2021

Oleh mathewsverghese
BTC seems to be moving sideways. Yesterday, there was a small upward movement with prices touching 46700. Since then, prices have been moving downwards with the RSI too showing downward movement. With the chart, BTC sees to be in a tringle pattern and needs to break out of it for the next leg up. It may move sideways today between 45 k and 46.7 k in an accumulation zone. However, some sideways movement is also good before next leg up so that support is established. Too high , too soon is a receipe for disaster as well.
Trend Analysis
mathewsverghese
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