Bitcoin (BTC): Daily Price Action (Thur, 12-Apr-2018)

For education purposes only.

Price (squeeze in process)

The current BTC price action has been reducing in volatility and is now oscillating in the final stages (the tip) of a horizontal triangle consolidation pattern.

Expect this to break, with a return of volatility, in the coming hours, day at most.

The trend is obviously down, so a downside break is probable, however, if there's a decent upside break, that might signal a reversal and we'll be watching for potential long set ups, if this happens.

Keep a close eye on the price.

Until tomorrow,

Bobby
(Trader)