Long

Bitcoin/USD - Price wants leave the big triangle and RISE!

Updated

We have divergence between the volume and RSI especially visible on 1d interval. Falling volume along with each-time smaller change in prices suggest ongoing correction coming to its end. Higher RSI tops and bottoms suggest that investors are willing to go up with the price. With this scenario it would be good not to fall under 7k, but hitting 6.8k is of course still possible.

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Also we have small falling wedge now

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So our wedge worked and also on 12h candles we have special version of Bullish Engulfing, because it's embracing whole previous red candle.
Now we are waiting for confirmation of the same bullish pattern on 1d interval which will be very bullish sign of end of the correction.

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Retracement of wave 1 its normally the strongest one, so this is how it may look like:

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Rising wedge:

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Bitcoin/USD - Last Fall Before Big Uprise

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