BTC testing Significant Trendline resistance.
Updated
We have made a bounce yet again on our S1/S2 supports.
Now we test our top blue dotted trendline as resistance. Has potential for a huge breakout seeing how the top blue dotted trendline has been very strong resistance since Mid June.
BTC forming a descending triangle, which is seen as bearish.
If we break S1/S2 supports. we could see S3/S4 at the next green rectangle.
RSI broke out of its yellow dotted trendline resistance. Could signal more upside.
Now we test our top blue dotted trendline as resistance. Has potential for a huge breakout seeing how the top blue dotted trendline has been very strong resistance since Mid June.
BTC forming a descending triangle, which is seen as bearish.
If we break S1/S2 supports. we could see S3/S4 at the next green rectangle.
RSI broke out of its yellow dotted trendline resistance. Could signal more upside.
Note
Ascending triangle forming on the 1H chart.
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