BTC currently best viewed on 4H with a multi-week formation coming to an end. Watch out for RSI breakout above or below as your primary indicator.
TECHNICALS:
– consistently creating lower highs and lower lows
– RSI neutral currently
– MACD bearish
– ADX bearish
– Heikin Ashi neutral to bullish
– PSAR bearish
Going to 6k if broken below the triangle. A positive breakout above the triangle (and remaining above) could send it to 8.2k or further.
I will revisit this post continuously with updates through next week.
(lines and connections have been averaged using step-line over log for higher precision)
Comment:
1H:
Comment:
