BTC technicals lining up for a sell-off.
Struggling with long term downside resistance (yellow line) and forming a rising wedge pattern. Strong RSi diversion signalling weakness.
A close above 10400 would create a higher high above resistance and invalidate the downside setup.
News of recessions starting to air. US stock market could surprise us with a parabolic move back to ATH's, but it considering the state of the world economy it seems most likely to form a right shoulder or double top before starting a bear market.
Struggling with long term downside resistance (yellow line) and forming a rising wedge pattern. Strong RSi diversion signalling weakness.
A close above 10400 would create a higher high above resistance and invalidate the downside setup.
News of recessions starting to air. US stock market could surprise us with a parabolic move back to ATH's, but it considering the state of the world economy it seems most likely to form a right shoulder or double top before starting a bear market.