At resistance, not sure about formations

Bitcoin / U.S. dollarBitstamp

Description

⋅ Apr 3, 2020 11:32 AM

At resistance (7000), 0.5 Fibonacci extension, and 100 Week Moving Average (not shown)
Watching out for a potential decision point.
Not sure if we are in an Ascending Triangle or a Rising Wedge (one can be more bullish, the other is typically bearish)

Ascending Triangle: dailyfx.com/education/technical-analysis-chart-patterns/ascending-triangle.html
Rising Wedge: dailyfx.com/education/technical-analysis-chart-patterns/rising-wedge.html

Long term, we are still holding on the 200 Week MA (not shown)

⋅ Apr 17, 2020 2:38 PM

Out of the upward channel.
Channel is now resistance. 50 Fibonacci extension is acting as resistance as well.

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