Bitcoin took a very aggressive approach against the above trendline this morning whilst MACD and RSI crossed in positive zone. This area proved to be very congested when dipping. Bearish preassure still strong but bulls may try an intraday run towards 14K. Need to be cautious and wait for the momentum. Please note that I am note a trader and just expressing my ideas. I am still learning and advices are welcome. Thank you
Comment
⋅
TomHall thank you for the thumb up. It is looks good for a run but that trendline is really pushing down. On the 15min chart it looks like we entered an horizontal channel forming an inverted H&S providing further support for a possible run. Looking at a 12.708 break for entering but still not confident enough. It's an honour you liked my idea. Thank you
Comment
⋅
2minute chart sorry, not 15minute chart as previously said.
Comment
⋅
Comment
⋅
Bitcoin should bring itself above the 13K in the next hour (or less) if it wants to maintain its momentum...pushing but not breaking
Comment
⋅
Bitcoin made two attempt to take itself above 13K but failed and broke the acceleration channel losing momentum. There is still hope if supports hold and a third attempt is tried.