BTC falling wedge - there is a possibility to continue the run
Updated
Just to point your attention to the developing falling wedge in BTC.
There's a good possibility we continue upwards.
There's a good possibility we continue upwards.
Note
Pro's for bulls:
- We are still inside the falling wedge
- Bottom of the falling wedge is located on the 50 Retracement level from current top to 7600 Bear Target zone.
- RSI on 4h is looking to cross bullish.
Pro's for bears:
- Volume on drops is high, too high for comfort inside a falling wedge
- RSI on 4h might reject a bullish cross if we get big selling volume.
Note
We broke the wedge to the upside.
We are developing a Morning Star pattern on the 4h, MACD is looking to cross Bullish.
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