We've broken the long-term downtrend line, but there wasn't enough push in terms of volume and momentum. Therefore, we expect BTC to go down and visit the levels around $6500. We have to see accumulation of volume and different setup of the main indicators before we go up again.
What worries us the most at the moment is the Stochastic RSI that is pointing down on...
After exiting a 40 days long falling wedge on April 8th we had a 4 day sideways trading before today's breakout. Even though we've seen a spike today all the way from 6940 to 8100 in less than 45 minutes, we have to keep in mind that we're still in the long term downtrend that is pointing towards support zone around 6500. Stochastic RSI also alerts us to be...
