8400 next resistance to get over for the bulls
so which will it be?
wedge or triangle
yellow areas are demand and supply zones
so which will it be?
wedge or triangle
yellow areas are demand and supply zones
Trade active
the battle is on again....Note
Bitcoin is trading above $7,400 as of now which is confidence inspiring and definitely a good sign. Its formed higher highs and higher lows and the price action seems to be on the point of a reversal. Currently, Bitcoin is trading in a rising wedge on 1hr and descending wedge on the 4hr yet with very low volume. RSI is at overbought levels on the 1hr chart.expecting big things on the 5th/6th June
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not broken down yet, lets see what happens at the trend lines
staying in the upper gann fan area too, so hard to judge, like a knife edge
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RSI showing the price will come down again to test lowsTrade active
Note
broke out of the triangle formation, which is a good sign
wanna see a push towards $7k for bulls to be back in control....
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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.