The solid green lines are the symmetrical triangle I've been tracking for a while, the ranging period I believe we are coming to the end of.
The RSI is hitting higher lows and looks pretty healthy, and recent Fib retracement seems to be holding around 7900 on 0.236. Even breaking that, there is plenty of resistance from the Fibonnaci retracement, backed up by the Senkou Span which is tracking below current price. There was an upward cross on the Chikou span which is still holding, though it is closer to price level now. Tenkan Sen and Kijun Sen also indicate a period of ranging at the moment,albeit I will watch Kijun Sen closely as it is very close to price at the moment.
All in all, I think there is plenty of support to hold BTC at the top half of the symmetrical triangle, and a break out from there could see the momentum of pre-December start back up, potentially giving us a nice summer run.
The RSI is hitting higher lows and looks pretty healthy, and recent Fib retracement seems to be holding around 7900 on 0.236. Even breaking that, there is plenty of resistance from the Fibonnaci retracement, backed up by the Senkou Span which is tracking below current price. There was an upward cross on the Chikou span which is still holding, though it is closer to price level now. Tenkan Sen and Kijun Sen also indicate a period of ranging at the moment,albeit I will watch Kijun Sen closely as it is very close to price at the moment.
All in all, I think there is plenty of support to hold BTC at the top half of the symmetrical triangle, and a break out from there could see the momentum of pre-December start back up, potentially giving us a nice summer run.