keep it always simple guys and dont create charts where people getting eyecancer from looking at it. the third contact on that weekly line occured and a rejection from it took already place and the break to the upside is extreme unlikely cuz its the third contact which holds almost every time!
hi guys. in my last TA which i published i said that the yellow line will be touched but this time also be bropken to the downside. that didnt happened yet but maybe it wont. btc bounced of of that line so far and the probability of retest of the yellow line at the top is valid and possible.
no volume at all in btc trading although we have a bullish formation. Means bears will take control and try to break the support line (yellow line) very likely at the next contact (if that happens). But if BTC breaks the decending trendline it could lead to the breakout of that bullish formation (falling wedge).