BTCUSD: double top, bearish divergence, and rising wedge
Updated
Although I feel Bitcoin keeps rejecting reversal patterns I feel double top, bearish divergence, and rising wedge maybe end this rally in this 20kish range.
It seems like there is a huge inflow of money, altcoins are also exploding so maybe that can keep this rally going?
It seems like there is a huge inflow of money, altcoins are also exploding so maybe that can keep this rally going?
Note
Forgot to put arrows for a potential bounce on the rising wedge channel but I feel sentiment will become bearish if not yet.Note
We broke hard and kind of reached the target area.Still, a lot of selling going on, so maybe we go lower and test the 15,5k-16k area.
Note
The bounce-back was strong and BTC keeps being bought on each drop. Is that money coming in or whales playing with 20k+ club?I think buying at these levels is risky, better to wait for the market to tell direction, although the case for higher BTC is building fast.
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