BTC 4h has not met any sell signals as of yet! small dips may occur on the 1 hour but the bollinger band is actually acting as resistance as it propels BTC to the top of the band on the 4H.
Now the trouble here is that our current ascending chart is projecting to hit the top of the RSI and the top of the band right at 10,475 to 10,550 which is also right where the top of the descending channel will be. Keep an eye out here and watch for movement up or down.
A confirmation above this line should help propel us further but we will likely either bounce from the line downwards or come out on top of the line and use it as resistance moving sideways for a day or two. since it already tested the line once and fell from it after a confirmation it should be less of a resistance the second time and should become support quickly.
wave analysis might suggest this is the start of wave 3 which may propel us further than these projections.
Now the trouble here is that our current ascending chart is projecting to hit the top of the RSI and the top of the band right at 10,475 to 10,550 which is also right where the top of the descending channel will be. Keep an eye out here and watch for movement up or down.
A confirmation above this line should help propel us further but we will likely either bounce from the line downwards or come out on top of the line and use it as resistance moving sideways for a day or two. since it already tested the line once and fell from it after a confirmation it should be less of a resistance the second time and should become support quickly.
wave analysis might suggest this is the start of wave 3 which may propel us further than these projections.