The falling wedge seen on the weekly and lack of strength indicates we may still have lower to go.. much overhead resistance means we need more momentum and money flow to break up above falling EMA's on the upswing.
The weekly RSI going back from 2019 shows a potential bottom for BTC once the RSI hits the lower ascending trend line forming a hidden bullish divergence.
Many people are watching the DXY at the moment for possible indications for possible BTC trend direction reversal following growing S&P 500 strength. Whats your thoughts
Its been a turbulent past few days with the bears! Check out the Manipulation/Liquidation wick on the Kraken chart for ether. It can be seen on as low as one minute time frame. Lots of positions taken in under one minute. Do you trust Kraken or is this whale activity?