BTC propably doing only correction in downtrend, last pushes up provided price to daily resistance area on weak volume. if we cross 7600-7800 on good volume, we can talk about double bottom, but like we said, volume is tolow. on lower tfs we can see forming potential rising wedge with descendingvol = setup to change trend (not confirmed yet) , also we have fresh CME GAP to around 7230 wich is also indicator adding more propabilities for atleast small move down.
On daily we are still in dontrend channel under important MA's 100 and 200 , so sticking all together, seems like last moves up are only correction in downtrend, not reversal trend.
On daily we are still in dontrend channel under important MA's 100 and 200 , so sticking all together, seems like last moves up are only correction in downtrend, not reversal trend.
Comment:
rising wedge working :
