trader_jiri

trader_jiri Updated 

When I try to frame the whole trend breakout movement into a shape, it ends up looking as a rising wedge. While the price is going up MACD is going down. RSI on the daily chart is the highest since mid December. Would appreciate a comment from someone who actually has some relevant experience and knowledge, it's quite possible that I'm looking at it completely...

trader_jiri Updated 

The curve in both areas marked by red rectangles has almost the same characteristics. I wonder if the next steps will be similar to what followed after the first red rectangle.

trader_jiri

Still going down.

trader_jiri

End of descending wedge hits long term trend line at around 6800 area. Looks like an interesting decision point we will see unfold within the next week. This is my first post. I'm currently just observing the market, looking for a reasonable re-entry point. I sold all my crypto when bitcoin was at around 9600 since it was still a nice gain for me at that point...