Originally I had this as a falling wedge pattern, but it's defs looking more like a descending channel.
RSI, MACD, rejection from the top of the channel are all indicating a breakdown in the Bitcoin price going into the rest of this week. I would take profit if you have been in a long since last week.
RSI, MACD, rejection from the top of the channel are all indicating a breakdown in the Bitcoin price going into the rest of this week. I would take profit if you have been in a long since last week.
Nota
Oh the 4th indicator was rejection from the 200 day MA.Nota
Also the Rise in price after the Inverted Head and Shoulders has hit it's peak, which is the height of the head structure.Nota
And remember "Rising Wedges" are bearish patterns
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