georgesmacfly

georgesmacfly

We're seeing Bitcoin's price squeeze into a tighter space on the 4-hour chart, which usually means a big move is coming soon. Keep an eye out for a break above or below this tight area to catch the next price wave, but remember to set a stop loss to protect your money just in case things don't go as planned!

georgesmacfly

1. The Bitcoin chart shows a rising channel pattern, indicative of a bullish trend. 2. Recently, it has tested the upper boundary of this channel, suggesting potential resistance. 3. The price has experienced a slight pullback but remains within the channel’s confines. 4. The dotted line within the channel could act as a short-term support level. 5. If it breaks...

georgesmacfly

We can clearly see that the RSI has a bearish divergence in the daily chart. The only way to break this trend would be to break the line above.