Looking from April of 2017, I took the low point and connected to angle to the July low point. This placed a direction that later showed reaction from Bitcoin in Sept/Oct 2018 creating a potential trend line that could impact future price levels. Those levels have come back into play here in May of this year.
Too early to confirm just yet; nevertheless, initial reaction did indeed treat it as a resistance level. Too trust this more though, I'd like to see the RSI break below trend as marked.
Too early to confirm just yet; nevertheless, initial reaction did indeed treat it as a resistance level. Too trust this more though, I'd like to see the RSI break below trend as marked.
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Zooming in on 6H Chart...MACD & Stoch looking bearish, yet RSI still above trend. Price reaching lower support of wedge could also test RSI support.
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Let's also include the Bitcoin Dominance Chart here. As things have been bearish, creating a greater likeliness of ALT Season.Note
As I posted on Twitter... yes, it broken $9k yet don't react to price reaction. Wait for confirmation. I am not sold this will hold (just yet).twitter.com/RetireByCryptos/status/1134130094513872896?s=20
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All going to plan so far.... 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.