This actually looks half decent. #Bitcoin will determine what happens though. I couldn't care one bit what people think about #DOGE, I'm happy to trade it if there's a setup.
After yesterdays spike BTC seems to be retesting the descending trend line drawn from May 5 high. Any advise on this from more experienced chartists would be appreciated.
I think there could be a substantial move in the offing for BTC as the Bollinger Band is squeezing tighter. A very strong move upwards would ultimately be capped by the descending trend line which is also very close to the 200 DMA (Cyan Line)