price has been ranging for hours now, and moving in the triangle with low volume and getting close to an upward breakout.
Despite the momentum change we might be experiencing or expecting for the bulls to take over, I'm still very much bearish on op for now. Theirs a double top pattern in the daily timeframes and still very low volume to start correcting just yet, and still lots of order below to fill.
price moving exactly as predicted, hitting the 48.7k zone and consolidating for now, still expecting some more downside though, we'll see. If you joined the train, enjoy the ride and hold
BTC has been under this falling wedge trend for a few days now, and on the volatile wicks still in a triangle, which are both indications to downward continuation on the price chart. Like I said previously we might be going back to test the 39k zone.
Theta showing breakout of downward trend with good volume and momentum, would wait for price to retest and also for the price to sustain above the trendline, then we can enter.
BTC still moving in a pennant triangle, and close to breakout to the upside. Volume still low on the average but momentum is building and might pickup soon enough.
Volume is still low and rice is still consolidating, but in the mid term.
Moving well, breakout and retest has been successful and bullish momentum is still building.