BTC has been within the confines of a triangle, forming a pennant which could be seen as a good sign since pennants are mostly continuation patterns, but i would prefer to wait and see for sure especially now that we are around the ATH and certainly there would be some selling pressure at levels above 19500. in terms of divergences i can not see anything of importance and as you can see MACD has been giving some weak buy signals while Stochastic is on the verge of reversal in my opinion. DMI shows no trend which means supply and demand are at the standstill. and as you can see momentum is declining which in my opinion means any increase in price could be considered as a bull trap. but if the price conquers levels above the triangle limits, that would be a new story. i am still neutral ans sitting in Tether, but your money your decision. trade safe and enjoy the ride. PS: the triangle has room for almost two more days, but i don't think it would last that much before we see some decisive moves, be prepared.
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