UnknownUnicorn4304403

Bitcoin daily chart 9/24/2019

BINANCE:BTCUSDT   Bitcoin / TetherUS
Taking a look at the daily chart this morning and we had a pretty big dip yesterday. We didnt test the bottom of the pattern but as you can see we are getting closer. We are also getting closer to the end of this pattern. The drop yesterday has allowed us to remain inside the triangle for a bit longer. But it will come to an end soon regardless. Before October the 10th I would imagine. This has been a giant consolidation pattern so I would assume the break out will be significant when we do finally escape the triangle. Below us we have the 200 MA chilling out at around 8200 that could provide support if the bears win the day. Looking above us we have the 50 MA which is very close to the bottom of the cloud. Both objects can provide some resistance. Daily RSI is on the low side which would be ideal for a break out towards the upside. Daily volume as of right now is at $16,011,307,843 which is an increase over yesterday. Bitcoin dominance is sitting at 70.64%. I am sort of surprised to see dominance rising while Bitcoin drops. I was hoping for alts to grow a bit but it does not seem to be happening at this time. But WTFDIK?
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