BTC is lagging around!
We got a bullish monthly close, the highest we ever have gotten, but BTC is struggling to break above this resistance. We now had our third retest, which is a bearish sign,
because if we retest to much the probability of breaking back in to the wedge is rising. So if we break trough the small resistance line im expecting a pump. A break back into the wedge would be very bearish and could cause a correction to around 56k.
Hope you enjoyed the analysis!
because if we retest to much the probability of breaking back in to the wedge is rising. So if we break trough the small resistance line im expecting a pump. A break back into the wedge would be very bearish and could cause a correction to around 56k.
Hope you enjoyed the analysis!
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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.