BTC. UP or DOWN?
The rising wedge worked out perfectly, see the previous analysis on BTC.
Now there is another interesting set up is being formed right now. The price is inside the triangle, MA 50 crossed MA 100 from above. And at the same time, we see a slight divergence on the RSI.
If the price can overcome and hold the 23300+ level, or in other words, above MA50 and MA100, then there is a good probability of moving upward. The opposite scenario if BTC can't do it. Then we can see a downward movement.
So let's see.
Disclaimer. This post is for educational purposes only. It is not financial or trading advice
Now there is another interesting set up is being formed right now. The price is inside the triangle, MA 50 crossed MA 100 from above. And at the same time, we see a slight divergence on the RSI.
If the price can overcome and hold the 23300+ level, or in other words, above MA50 and MA100, then there is a good probability of moving upward. The opposite scenario if BTC can't do it. Then we can see a downward movement.
So let's see.
Disclaimer. This post is for educational purposes only. It is not financial or trading advice
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