This is just a one hour chart for BTC watching to see if will lose this upper range and start heading down or is there a enough buy orders to support the current price.
Should know soon as it is stuck in a very tight consoliation that will be forced to brake trend one way or the other.
Still leaning to the down side but if btc brakes to the upside it will probably head back to the top of the value area AGAIN.
If price drops to the potential broadening wedge pattern line and manages to reclaim the value area this would be a bullish indication that that while volitle it MAY still be bullish.
If not a retracment back to at least the main uptrend would seem reasonable.
If the main up trend was to brake lower prices should be expected.
Should know soon as it is stuck in a very tight consoliation that will be forced to brake trend one way or the other.
Still leaning to the down side but if btc brakes to the upside it will probably head back to the top of the value area AGAIN.
If price drops to the potential broadening wedge pattern line and manages to reclaim the value area this would be a bullish indication that that while volitle it MAY still be bullish.
If not a retracment back to at least the main uptrend would seem reasonable.
If the main up trend was to brake lower prices should be expected.