We broke out of the triangle briefly last night but bounced back off 12k.
Momentum was not convincing and the daily candle closed red by a hair.
Still, it's possible a breakout could be on the cards.
I've redrawn a couple of lines on the wedge / triangle and for all I know we are just trending sideways for now.
Divergence on the RSI (4H) but volume doesnt look great.
Anything's possible with the bitcoin!
Momentum was not convincing and the daily candle closed red by a hair.
Still, it's possible a breakout could be on the cards.
I've redrawn a couple of lines on the wedge / triangle and for all I know we are just trending sideways for now.
Divergence on the RSI (4H) but volume doesnt look great.
Anything's possible with the bitcoin!