This is the situation as I see it.
The Bitcoin got stucked within a triangle, tested the upper and the lower side.
It´s now in the 50%-zone of the wedge and statistically a breakout (whether to the top or the bottom) appears between the 50% and the 75% of the longitude of the mentioned wedge.
Temporarily Bitcoin is weak, perhaps it´ll test the support another time, even a testing of the lower limit is possible.
And not to forget, the longer trend is still negative! There is a bundle of resistances at the peak of the wedge.
RSI and MACD are giving neutral signals. EMA 50 is below the actual price, but very near.
Volume is low - the market waiting?
A possible breakout to the top would perhaps end the long negative trend since January 2018. To give more bullish signs the coin will have to cross several resistances.
The Bitcoin got stucked within a triangle, tested the upper and the lower side.
It´s now in the 50%-zone of the wedge and statistically a breakout (whether to the top or the bottom) appears between the 50% and the 75% of the longitude of the mentioned wedge.
Temporarily Bitcoin is weak, perhaps it´ll test the support another time, even a testing of the lower limit is possible.
And not to forget, the longer trend is still negative! There is a bundle of resistances at the peak of the wedge.
RSI and MACD are giving neutral signals. EMA 50 is below the actual price, but very near.
Volume is low - the market waiting?
A possible breakout to the top would perhaps end the long negative trend since January 2018. To give more bullish signs the coin will have to cross several resistances.
Trade active:
Comment:
still no change!