I am going to use this trading zone until the mid-year .
I think the 200 day will meet with the 200 weekly in July BUT may start to rise slightly before in May.
I have obviously extended 200 days and 200 weeks.
there's no real reason why #bitcoin would push through before then,
we may even drop to below 7200 before.
RSI line is the test, small upturn
L.INKBTC broke out of this descending wedge nicely.
Looking at volume we can see that there was a strong move to push past that trendline resistance, as well as through the 100 and 200MA on the 4H
RSI has hit 70, so expect a pullback to the MA
Just keeping an eye on this for now.
I'm learning so this analysis will be quite basic.
No position entered on this one,...
Link is showing signs of a repeat pattern as shown on the chart. Wedges formed and price looks to continue respecting them. Target sell zones added, scalping possible.
