Massive Resistance
BTC looks like it's losing steam with bearish divergences on RSI, MACD and histrogram ticks. Additionally (not shown), RSI is peaking at 65 on a 3 day chart which is the upper margin of a bearish trending market based on Constance Brown's RSI rule as well as a nasty hidden bearish divergence on the same time frame. Coupled with the rising wedge on an uptrend, my bias is more towards the bearish side.
For me to change from bear to bull, I would love to see the resistance zone broken and/or find successful support again around the 200 EMA.
For me to change from bear to bull, I would love to see the resistance zone broken and/or find successful support again around the 200 EMA.
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