BTC continues the rising wedge
Not much has changed .. although we had a 4hr candle close above $6,800 (BARELY) we were swiftly rejected (yellow circle)
We need a clear breakout, a daily candle close above, for me to feel bullish 🐂
We are still in the parallel channel and still in the rising wedge which are forming tops at the same area
Scenario #1 - Bitcoin bounces and tests resistance at $7,200 ish 📈📈
Scenario #2 - The rising wedge breaks down and we retest $5,800 📉📉
We need a clear breakout, a daily candle close above, for me to feel bullish 🐂
We are still in the parallel channel and still in the rising wedge which are forming tops at the same area
Scenario #1 - Bitcoin bounces and tests resistance at $7,200 ish 📈📈
Scenario #2 - The rising wedge breaks down and we retest $5,800 📉📉
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