Quick look at 4h chart
-Looks like volume is stable and slowly consolidating
-Possible inverse HS awaiting completion, maybe
-Recently got a bullish crossover on the MACD, hopefully charge up that wave 3 to test the resistance line above
-if the trend breaks down through the red wedge and first green support line, expect a sell off to test the next green support line
Probable outcome with BTC on the rise...
#newb
-Looks like volume is stable and slowly consolidating
-Possible inverse HS awaiting completion, maybe
-Recently got a bullish crossover on the MACD, hopefully charge up that wave 3 to test the resistance line above
-if the trend breaks down through the red wedge and first green support line, expect a sell off to test the next green support line
Probable outcome with BTC on the rise...
#newb
Comment:
breakdown of the inverse HS along with falling out of the red wedge, we will now continue downward to test some support beneath represented in green lines.