BTCUSD
Earlier I posted my Bearish view on BTC. I decided I need to put myself in the bulls shoes as well. If BTC can get a candle to close above the 50ma close it could see further upside. If you extrapolate the current trading range it coincides with the 50k range which was a support in the past and could be the upcoming resistance in the future.
I would also like to point out the RSI channeling up showing that in the past few days BTC could be slowly but surely gaining more strength. IF you take the trading range in its entirety sense the november break out last year i do see the big ascending wedge but it was during an uptrend so it could prove to be more bearish. only time will tell as BTC struggles to find any real direction the past 2 months.