It looks like bitcoin is inside an ascending channel - which is bearish. Looking at the recent past, see how both patterns (ascending channel and rising wedge) played out as expected - bearish.
Following are the key levels to watch for:
a. For Bulls : A break above 6855 would be very bullish if we can hold that level.
b. For Bears: Bears would face ...
This is the first TA I'm going to publish. From past few weeks, I've been trading following my TA and it has provided decent returns. So, I thought of publishing it :)
a. Rising wedge - Most of the times it breaks down.
b. RSI and Stock RSI are relatively high
c. MACD nearing bearish crossover
We have to consider the fact that we ...