In my opinion it looks like BTC got a clear rejection from all the upper band of the channel. Maybe that we could go down again in the meantime?
Zooming in we're clearly seeing that we got a rejection with the candle wick. Zooming in on the 15m en 1h we're seeing that a kind of rising wedge might be forming which could signal some more downward movement. In the immediate short term, but only if it breaks down. We got to keep in mind, we're still bearish on the higher tf's.
Zooming in we're clearly seeing that we got a rejection with the candle wick. Zooming in on the 15m en 1h we're seeing that a kind of rising wedge might be forming which could signal some more downward movement. In the immediate short term, but only if it breaks down. We got to keep in mind, we're still bearish on the higher tf's.