Alright so here are my thoughts for BTC over the next few days.
BTC appears to be in a falling wedge as you can see on the 4hr. MACD and RSI continue to fall in the higher time frames and we entered the 4hr cloud with a bearish TK cross. Whats most interesting is that the bottom of the wedge lines up with the 50% retracement as well as a flat Kumo bottom all suggesting a drop the 8900 area and then possibly a bounce off that support and a break of the wedge to the bullish side. Let me know what you guys think!
BTC appears to be in a falling wedge as you can see on the 4hr. MACD and RSI continue to fall in the higher time frames and we entered the 4hr cloud with a bearish TK cross. Whats most interesting is that the bottom of the wedge lines up with the 50% retracement as well as a flat Kumo bottom all suggesting a drop the 8900 area and then possibly a bounce off that support and a break of the wedge to the bullish side. Let me know what you guys think!