Hey everyone
Btc just formed an ascending wedge - bearis.
On the 15 min time frame you can see clearly the back test.
Bearish divergences on the MACD and RSI. MACD- bearish cross of the 0 line.
The MACD still have a chance to rebound from the long term resistance on the 512~.
That look for very similar to the previous crash from the ATH. Lose of steam.
I am bullish on the btc on the long run but I can deny all those bearish singles.
Hope I am wrong and I will be happy to read your thoughts.
Good luck
Btc just formed an ascending wedge - bearis.
On the 15 min time frame you can see clearly the back test.
Bearish divergences on the MACD and RSI. MACD- bearish cross of the 0 line.
The MACD still have a chance to rebound from the long term resistance on the 512~.
That look for very similar to the previous crash from the ATH. Lose of steam.
I am bullish on the btc on the long run but I can deny all those bearish singles.
Hope I am wrong and I will be happy to read your thoughts.
Good luck