So, after some time away - I've been watching BTC periodically - I figured I'd start tracking thoughts again about BTC.
A few days I plotted out the higher lows and the top trendline showing the lower highs which form the wedge you can see.
Although it's broken down, I don't think we will really know the extent of the damage till it breaks below the line indicated. If tht holds, then we're good to go sideways for a bit longer, but if the red continues then we may be testing that $3,200 mark again.
Extra lines showing RSI divergence that you may have seen prior to the $3,200 bottom and turnaround, something I didn't notice before, and something you can only really confirm afterward anyway.
A few days I plotted out the higher lows and the top trendline showing the lower highs which form the wedge you can see.
Although it's broken down, I don't think we will really know the extent of the damage till it breaks below the line indicated. If tht holds, then we're good to go sideways for a bit longer, but if the red continues then we may be testing that $3,200 mark again.
Extra lines showing RSI divergence that you may have seen prior to the $3,200 bottom and turnaround, something I didn't notice before, and something you can only really confirm afterward anyway.
