BTC respecting trendlines perfectly on the 4 hrs chart
After the bullish breakout from the upper wedge trendline (blue), price is perfectly respecting another descending resistance trendline on a larger time frame (brown) and is ranging within it and the rising channel border (pink).
Possible test of 3680-ish trendline support (former resistance) or a visit to the lower channel trendline support (around 3400). If held then the bounce toward 4200 is imminent to complete the cup and handle formation on the daily chart and the possible breakout.
Possible test of 3680-ish trendline support (former resistance) or a visit to the lower channel trendline support (around 3400). If held then the bounce toward 4200 is imminent to complete the cup and handle formation on the daily chart and the possible breakout.
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