BTC 4hr timeframe formed a multiple day ascending wedge, which is breaking bearish, signalling a trend reversal.
if $30k support breaks, we're headed back down to sub-20k levels.
if $30k support breaks, we're headed back down to sub-20k levels.
Comment:
volune is up nicely, follow-up candle is currently green but not high enough to be bullish. could still turn red, though a bear flag is likely.
Comment:
bulls showed up to hold support, but no follow-through. equilibrium continues for now, wait for lower high around 38500-38800, then new dip. The new dip could well break bearish as well, but there's no guarantee.
Comment:
So far, every support that gets tested breaks on the first re-test. It's not yet the dump I would personally like to see, but it's definitely not a bullish momentum.