greenowfamilia

greenowfamilia

COT indicator is showing a Long signal on the Daily up to 4 Day chart, however not yet confirmed on the weekly.

greenowfamilia

Bullish indications for short term long positions only taken from channel support to channel resistance = anticipating potential breakdown due to Bitcoins chart (IDEA LINKED BELOW)

greenowfamilia

Unless Bitcoin breaks out above upper resistance could the price be heading down temporarily before it bounces off the previous support and breaks through the resistance3 of the broadening wedge. Divergence is noted suggesting a potential bounce downwards off of the resistance.