BTC been on quite the run latley, however momentum on the MACD has leveled out on the 4hr chart and a Rising Wedge pattern is forming. Both bearish signals. If the Rising Wedge holds true we will see a drop to the $4290 Support and if that fails, then a test of $4100. Good news is BTC is still bullish, riding above the 50SMA on the 4hr however we should expect reasonable corrections on the climb back to ATH.
Constructive criticism welcome!!
Help me become a better trader!!
Constructive criticism welcome!!
Help me become a better trader!!