Price seems maxed for now at 13200$. Looking at reversal structure of Ascending Wedge, Bearish divergence and ABC wave.
RSI latest high was at 60, while previous was at 85 completes bearish divergence.
In this chart i see bitcoin moving upwards in the channel. Green lines are support lines and red line is resistance. Breakthrough to the down side of the channel would signal a bearish movement and a test from lower support lines. Bitcoin is moving upwards in the channel and the next resistance will be the red resistance line. Just want to notify anybody checking...
btc is on a tear and seems unstoppable. Overall trend on all timeframes is obviously up so we are still looking for fresh longs.
Currently we have a flagging range which we need to break out of to start the test of the previous high made on the htf charts.
However we did not test previous resistance as support and I'm expecting a test of this resistance area...
So we are currently out of the uptrend. But dont freak out yet. Im watching this pennant closely. Hopefully we break up from it. I will keep you all posted. Im long right now and I have been walking my SL around to keep up with the candles.