Bitcoin has been forming an ascending channel this past month but volume is declining and rsi is showing bearish divergence.
If this ascending channel holds it could give good signs for bulls but if it breaks it could start a sell off for the short term
If the channel breaks below i can see us bouncing at the 50 moving average (blue line) and continuing the bull trend
updates... channel and pitchfork watch.... weekly outside the sidways channel, bounced off of median line...daily, green bump is bigger than others, seen in 3rds and ext 5ths....4h channel pretty dece, bear div was apparent...1hr not 100 wtf could been done 5 or sideways 4 need mas input.
Good morning traders. Price had a minor setback yesterday. After popping up $360 to a high of $9096.79, just $100 shy of the immediate 4H R1 pivot target, price dropped down and bounced off $8000. However, it did hit the TR target (height of the TR added to the point of breakout) and then some. This is exactly why I have been warning traders to consider not...