There is a sharp ascending wedge forming on the 4h view of BTC:USD. MACD and RSI are indicating that it should continue going up in the immediate short-term. I would expect the price action to carry it to the ~9200 area but we will see a correction downwards shortly afterward. It would be wise to lock in profits before BTC breaks downwards and prepare to rebuy at a lower price.
-Cryptotist
-Cryptotist
Comment:
We almost hit 9200 before breaking downward out of the wedge. Down we go!