Bitcoin Analysis
Price is forming Flag and pole pattern on weekly charts with one shakeout on down side
Hidden RSI divergence might help the bounce if any
Relative strength is still very strong compared to SPX
But on Volume profile we can see VAH acting as resistance
Indicators and price suggests bullishness but volumes are against it
breakdown of channel low and 21ema will push prices downside whereas on upside a break of VAH and AVWAP is required for price to regain its strength
Hidden RSI divergence might help the bounce if any
Relative strength is still very strong compared to SPX
But on Volume profile we can see VAH acting as resistance
Indicators and price suggests bullishness but volumes are against it
breakdown of channel low and 21ema will push prices downside whereas on upside a break of VAH and AVWAP is required for price to regain its strength
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