Since the last time, ATH we got a reversal in BITCOIN, and this reversal downtrend is finished!
BITCOIN price is completely undecided, there is a huge consolidation.
On daily time-frame, we see that price falls in between support and resistance, MACD, and RSI values tends to rest in the middle, which means balance of power between sellers and buyers, technically this means a potential breakout formation in the near future.
Here worth to mention, that false breakout could happen, also sharp reversal could happen.
So, keeping an eye on the chart is what I should do while studying and waiting to catch the cherry ;)
BITCOIN price is completely undecided, there is a huge consolidation.
On daily time-frame, we see that price falls in between support and resistance, MACD, and RSI values tends to rest in the middle, which means balance of power between sellers and buyers, technically this means a potential breakout formation in the near future.
Here worth to mention, that false breakout could happen, also sharp reversal could happen.
So, keeping an eye on the chart is what I should do while studying and waiting to catch the cherry ;)