Short

Bull Wedge in Bitcoin

Bitcoin is edging up forming a bull wedge pattern with an upper bound of 21.7K. We are seeing lots of red triangles on the KRI to confirm resistance, but if we can break through the next target is 22.4K. The Kovach OBV is pretty flaccid if not slightly bearish, so there is a slight bear divergence. We should have support at 20.7K, but if not there is a vacuum zone down to 18.6K, a previous value area.

quantguy

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by quantguy

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