Bitcoin CME Futures TA Update (Parabolic to 11.8k Price Gap?)
Bitcoin CME Futures
Bitcoin keeps grinding to the upside showing non-stop of strength. Just recently breaks above 10k and previous key resistance areas from Oct 2019 Lower High.
The only downside is, it still respecting this rising wedge pattern from the Low 6500s. Currently, challenging the upward trend-line resistance of the wedge and if it fails to break above,
we might see a minor drop too low 10k. The RSI hasn't shown any sign of weakness, if BTC turns parabolic again like what it did last May-June 2019, I won't be surprised to see the gap being filled in a short period.
Bitcoin keeps grinding to the upside showing non-stop of strength. Just recently breaks above 10k and previous key resistance areas from Oct 2019 Lower High.
The only downside is, it still respecting this rising wedge pattern from the Low 6500s. Currently, challenging the upward trend-line resistance of the wedge and if it fails to break above,
we might see a minor drop too low 10k. The RSI hasn't shown any sign of weakness, if BTC turns parabolic again like what it did last May-June 2019, I won't be surprised to see the gap being filled in a short period.
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