Two weeks ago BTC fell back into the the blue
descending channel like a hot knife through
butter.
Now it tries to break out again but the Rising
wedge (purple) and the Bearish divergence on
the RSI make me believe the top of the
channel is going to be too strong to get through.
BTC may first go down to the long term support
(black) to close the gap at $3570 before moving higher.
descending channel like a hot knife through
butter.
Now it tries to break out again but the Rising
wedge (purple) and the Bearish divergence on
the RSI make me believe the top of the
channel is going to be too strong to get through.
BTC may first go down to the long term support
(black) to close the gap at $3570 before moving higher.