If the uptrend support breaks, we have a much larger support just Below, if this breaks we will see much larger scale move downwards.
If we get a text book breakout of the downtrend resistance, i belive we will see btc at 6800 fairly quick. and with the bullish catalyst "Bakkt" it will kick start a new bullrun
If btc trades sideways out of this, and bounces upwards at the upptrend. i belive that "bakkt" will push it upwards in a much slower fashion
Rsi looks very neutral too me, and the macd could be a lot better if u are expecting bullish moves... But have in mind. btc is squeezing and the macd is irrelevant too me at this moment. nothing bullish or bearish in the charts
Purple - 50 EMA
Blue - 20 EMA
If we get a text book breakout of the downtrend resistance, i belive we will see btc at 6800 fairly quick. and with the bullish catalyst "Bakkt" it will kick start a new bullrun
If btc trades sideways out of this, and bounces upwards at the upptrend. i belive that "bakkt" will push it upwards in a much slower fashion
Rsi looks very neutral too me, and the macd could be a lot better if u are expecting bullish moves... But have in mind. btc is squeezing and the macd is irrelevant too me at this moment. nothing bullish or bearish in the charts
Purple - 50 EMA
Blue - 20 EMA