bitcoin pull back or trend continuation
Bitcoin
Positive
Volume along with volatility may produce a huge candle break of current resistance within this ascending triangle. We need a confirmation above 5400 before we can begin to believe that theres gas left for a leg up 1st target.
Negative
Btc may enter reaccumulation zone giving a break to the bulls but bulls will still maintain control above 4180 before another push towards $5000 to retest rejection zone. bearish divergence clearly present on the rsi 4 hr chart along would double top may prove handy for bears.
Positive
Volume along with volatility may produce a huge candle break of current resistance within this ascending triangle. We need a confirmation above 5400 before we can begin to believe that theres gas left for a leg up 1st target.
Negative
Btc may enter reaccumulation zone giving a break to the bulls but bulls will still maintain control above 4180 before another push towards $5000 to retest rejection zone. bearish divergence clearly present on the rsi 4 hr chart along would double top may prove handy for bears.
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