Bitcoin consolidating after breakout.
A lot going on with bitcoin technically. Here's a summary.
Consolidation at descending trendline. (retest)
Rejection from .5 Fibonacci.
Nine on 4 hour sequential.
RSI is reaching previous resistance area.
Outlook: I do think we'll see some downside from the sequential, but the RSI makes me think it could still go further up. No position other than scalping for now.
Consolidation at descending trendline. (retest)
Rejection from .5 Fibonacci.
Nine on 4 hour sequential.
RSI is reaching previous resistance area.
Outlook: I do think we'll see some downside from the sequential, but the RSI makes me think it could still go further up. No position other than scalping for now.
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