Honestly, do you really know? RSI has to manage to stay above 40

My bias is to the upside, simple because we are due for a relief rally before we resume our descent to the 5000 mark. To put it simply, the market does not wait around and give you the oppurtunity to sell the top, nor buy the low. This does not qualify as a trend reversal to me, simple on the premise of the weakness of the rally. I would expect people to gobble bitcoin up if this was indeed a reversal, maybe even a 2k candle. This is clearly not the case. Enjoy the relief rally!

Commentaire:

Bull flag forming as planned in the apex of the upper triangle.

Commentaire:

Flag to break soon. Long on the break, short on the break.