BTGUSD; Sideways but Bollingers narrowing
This market is at the low end of a sideways channel between the mid 60's and 84.00 so chances are that this could continue, i.e. a move toward 84.00 again from here. The market needs to trade beyond these extremes to see the next move.
With the RSI at neutral levels and the Bollinger Bands getting closer together a better move may be on it's way. Be careful with breakouts where price outside of the extremes get rejected quickly. This could swiftly move the market in the opposite direction (bull/bear traps).
With the RSI at neutral levels and the Bollinger Bands getting closer together a better move may be on it's way. Be careful with breakouts where price outside of the extremes get rejected quickly. This could swiftly move the market in the opposite direction (bull/bear traps).
Penafian
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