Not much has changed .. although we had a 4hr candle close above $6,800 (BARELY) we were swiftly rejected (yellow circle)
We need a clear breakout, a daily candle close above, for me to feel bullish 🐂
We are still in the parallel channel and still in the rising wedge which are forming tops at the same area
Scenario #1 - Bitcoin bounces and tests resistance at $7,200 ish 📈📈
Scenario #2 - The rising wedge breaks down and we retest $5,800 📉📉
We need a clear breakout, a daily candle close above, for me to feel bullish 🐂
We are still in the parallel channel and still in the rising wedge which are forming tops at the same area
Scenario #1 - Bitcoin bounces and tests resistance at $7,200 ish 📈📈
Scenario #2 - The rising wedge breaks down and we retest $5,800 📉📉
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.