4 indicators saying Bitcoin will fall back into the channel
Originally I had this as a falling wedge pattern, but it's defs looking more like a descending channel.
RSI, MACD, rejection from the top of the channel are all indicating a breakdown in the Bitcoin price going into the rest of this week. I would take profit if you have been in a long since last week.
RSI, MACD, rejection from the top of the channel are all indicating a breakdown in the Bitcoin price going into the rest of this week. I would take profit if you have been in a long since last week.
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Oh the 4th indicator was rejection from the 200 day MA.
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Also the Rise in price after the Inverted Head and Shoulders has hit it's peak, which is the height of the head structure.
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And remember "Rising Wedges" are bearish patterns