Bulls need to show up.
Bulls need to show up!
At the moment, we are still ok as we have still been creating higher highs and higher lows. Would be nice to see BTC come back up the rising wedge trendline and then back up the MA's for confirmation. RSI on daily calls for some upside (how big tho?) but I think RSI on the weekly is going to dip a little more and we are going to see another move to the downside towards zone 1 (super important zone to hold, 50 MA on weekly) before a huge leg up. If Zone 1 doesn't hold we might see bitcoin struggle for a few months..
At the moment, we are still ok as we have still been creating higher highs and higher lows. Would be nice to see BTC come back up the rising wedge trendline and then back up the MA's for confirmation. RSI on daily calls for some upside (how big tho?) but I think RSI on the weekly is going to dip a little more and we are going to see another move to the downside towards zone 1 (super important zone to hold, 50 MA on weekly) before a huge leg up. If Zone 1 doesn't hold we might see bitcoin struggle for a few months..
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