BTC show weakness, most likely a retest of that support line
no volume at all in btc trading although we have a bullish formation. Means bears will take control and try to break the support line (yellow line) very likely at the next contact (if that happens). But if BTC breaks the decending trendline it could lead to the breakout of that bullish formation (falling wedge).
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just now bitcoin tried to break out but got a decent rejection from it directly.. seems like a fakeout which will play out hard to the downside in the coming hours but maybe a second or third try from the bulls will break it and the bullish formation will play out but at the moment doesnt look good at all.
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so far so good
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so far so good
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TA worked perfectly so far