It seems this resistance area is still holding well. However the smaller wedge broke down but there was no follow through with the lack of volume. The larger wedge seems to be holding but coming down to retest the trend line of it on the bottom of the wedge. If you look we are still below the
Kommentera:
Seems we are testing the bottom area but again ZERO volume to follow. Less then 30 days to the halving and RSI on the Weekly is lower then any other halving in the past. Right now Bitcoin seems to be following the S&P 500 VERY closely... We also have a small CME gap on the 4 hour around 7250-7300... Please be safe if you are leverage trading make sure you are using low leverage or if your using high leverage which i only suggest for advanced traders to use very tight stops when over leveraged. If you have any questions join our telegram!
Kommentera:
This pattern has changed or can be interpreted in many ways. I am wondering now if this is a bear flag as i originally thought. The lack of volume is making this very difficult. When in doubt sit out of the trade until you get clear signals or support/resistance breaks.
