In one of my previous charts, I was hinting at the potential of an Ascending Triangle forming, once again the green upward sloping support of the pattern has acted as support several times, and on the contrary, the horizontal resistance has rejected the bulls multiple times.
Notice on the RSI the blue downward sloping resistance has caused lower highs to form, meanwhile, the price of Bitcoin is trending sideways and downward, we could see another re-test of the green upward sloping support before a breakout to the upside.
On the KST there is a noticeable bullish cross.
The DPO is in an area where BTC has seen rejection numerous times over the previous several months, the red line has basically called micro tops fairly accurately, however, the sell-offs are moderately short-lived.
Notice on the RSI the blue downward sloping resistance has caused lower highs to form, meanwhile, the price of Bitcoin is trending sideways and downward, we could see another re-test of the green upward sloping support before a breakout to the upside.
On the KST there is a noticeable bullish cross.
The DPO is in an area where BTC has seen rejection numerous times over the previous several months, the red line has basically called micro tops fairly accurately, however, the sell-offs are moderately short-lived.
