bitcoin pull back or trend continuation
Bitcoin
Positive
Volume along with volatility may produce a huge candle break of current resistance within this ascending triangle. We need a confirmation above 5400 before we can begin to believe that theres gas left for a leg up 1st target.
Negative
Btc may enter reaccumulation zone giving a break to the bulls but bulls will still maintain control above 4180 before another push towards $5000 to retest rejection zone. bearish divergence clearly present on the rsi 4 hr chart along would double top may prove handy for bears.
Positive
Volume along with volatility may produce a huge candle break of current resistance within this ascending triangle. We need a confirmation above 5400 before we can begin to believe that theres gas left for a leg up 1st target.
Negative
Btc may enter reaccumulation zone giving a break to the bulls but bulls will still maintain control above 4180 before another push towards $5000 to retest rejection zone. bearish divergence clearly present on the rsi 4 hr chart along would double top may prove handy for bears.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.