Ascending broadening wedge
Bullish target : 9952
Bearish target : 2000
weekly candles show very strong uptrend for couple of months.
-Bearish view
: no meaningful correction yet
: bearish divergence
: Stoch RSI is forming historical new high
: stong 6K resistance
-Bullish view
: touched lowest RSI already
: the old falling wedge resistance has been breakout and its resistance turned to be the strong support now
: divergence has its own error/trap
: Stoch RSI cool down might not cause a huge drop
: MM has a free pass to every resistance & support
So, take your own risk
Bullish target : 9952
Bearish target : 2000
weekly candles show very strong uptrend for couple of months.
-Bearish view
: no meaningful correction yet
: bearish divergence
: Stoch RSI is forming historical new high
: stong 6K resistance
-Bullish view
: touched lowest RSI already
: the old falling wedge resistance has been breakout and its resistance turned to be the strong support now
: divergence has its own error/trap
: Stoch RSI cool down might not cause a huge drop
: MM has a free pass to every resistance & support
So, take your own risk
Note
Note
Looks like double top pattern.
It has been bounced up at the pattern's bottom.
Let's see whether BTC breakout 6000 again or not.
Note
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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.