BTCUSD 2020-AUG-12

BTCUSD failed to break out with the ascending triangle pattern; and broke through the -2 lower bound of the channel. This short series of consecutive red candles has pushed the RSI to it's lowest point since July 16. Interestingly, there is both horizontal support and the support of the -3 lower bound (which coincides with the +3 peak we saw in the rally...).

The volume - bases on 1 minute intra candles - has turned sharply bearish in this movement; so that is worth continuing to pay attention to and look for how that momentum changes.

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