Sippinwok

Sippinwok Updated 

We of course would need to see a close below the neckline for this to play out. Just an idea

Sippinwok

We are seeing some bearish divergences on the hourly time frame. This could suggest that the current move is running out of momentum. Bitcoin is also in a rising wedge pattern, which breaks bearish more often than not. Still looks bullish on the longer timeframes though.