BTC Looking Top-ish for Now
Short term Bearish sentiment:
- RSI reversal divergence (and on the daily)
- Fell out of ascending wedge (blue line)
- Still inside ascending wedge (red line)
- but both are bearish patterns
- bull target zone reached (but I thought we might hit 49)
- current top pattern looks like a double top with strong rejection on the second attempt
- looking for a reasonable correction... 40-43... maybe more.
- RSI reversal divergence (and on the daily)
- Fell out of ascending wedge (blue line)
- Still inside ascending wedge (red line)
- but both are bearish patterns
- bull target zone reached (but I thought we might hit 49)
- current top pattern looks like a double top with strong rejection on the second attempt
- looking for a reasonable correction... 40-43... maybe more.
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