well, the price has been throwing us a lot of mixed signals lately, however i believe it was necessary that was test and reject this area, being that we are witnessing the first weekly death cross in bitcoin history. we have already been rejected from these MAs on the market cap chart, so i think it is likely we will print a firm rejection on this weekly candle and move to breakdown the wedge over the rest of this month. we are at the top of the wedge, at the top of the weekly bollinger band. ive been trying to graph this wedge for awhile now, i believe this is the final form. charting weekly charts makes everything a waiting game, time will be our friend here, upside is very limited by the MAs right now, so longing before a break over is irrational. conservative target is bottom trendline of the channel, then 50MA, then local low, then discovery.
評論:
there is also daily divergence on the rsi, we are going back to the bottom of wedge channel line around 20k at least
評論:
things looking pretty steady sofar, all across the stock market things are looking ready for a step down, looks like we might be getting that before the end of the month
評論:
played out exactly as expected, if 20 fails as support we will be testing the local low.
