The_Syncretist

The_Syncretist

Price starting to break out of falling wedge after bouncing off of macro trendline support which was also right around POC, top of most recent Fair Value Gap, and horizontal support. Bullish Divergence was also present on the RSI.

03:48

The_Syncretist

BTC has broken some major resistance levels over the last week. The slopping dotted trendline and key 52-53k range have both been broken and price is retesting that 53k level in an attempt to flip it into support. However, a potential macro rising wedge(usually bearish pattern)is continuing to rear its head as we find local resistance right at the top trendline of...