Hello, nice setup showing up on Bitcoin it reminds me BNBBTC price chart.
Why Binance Coin can help Bitcoin make next move?! Let's take a deeper look.
On Binance Coin we having a triple top Expanding wedge (or rising channel) it have a bearish divergence inside: But even after this Strong bearish signal for sell market goes up...!
What about Bitcoin?! Guess What?! we have a triple top Expanding wedge (or rising channel) it have a bearish divergence inside: Now what?! Will market follow up uptrend or it will make this short-term reversal from 5800$ resistance, to bring more power for next bull-run?!
Daily (D) chart showing similar bearish divergence price action, I added some levels to show nearest structure:
Now Two Hour (2H) chart showing some clear triggers for trade.
Can all recent FUD about Bitfinex push prices down or up?
Good luck for your trades, and please, share what you think about bitcoin price!
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Looks break to upside
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About to go in sideways for few days
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We will see big gap on CME Bitcoin futures on Monday.
Around 6400$ price level. This gap will be probably filled after some time.