In the 4H chart it can be seen that BTC is testing the diagonal support. If we break down out of the rising wedge, we can get a retrace to the 45.1K level. We’ve also got to keep in mind the bearish divergence on the daily.
There is a descending channel forming on the 1H. If it breaks to the upside that could mean a small price bounce.
I’m waiting for a definitive breakdown or a bounce.
This is my publication #9. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
There is a descending channel forming on the 1H. If it breaks to the upside that could mean a small price bounce.
I’m waiting for a definitive breakdown or a bounce.
This is my publication #9. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.