BTC broke bearish from asc wedge.

١٥ يناير ٢٠٢١

BTC 4hr timeframe formed a multiple day ascending wedge, which is breaking bearish, signalling a trend reversal.

if 30k support breaks, we're headed back down to sub-20k levels.

١٥ يناير ٢٠٢١

ملاحظة

volune is up nicely, follow-up candle is currently green but not high enough to be bullish. could still turn red, though a bear flag is likely.

١٦ يناير ٢٠٢١

ملاحظة

bulls showed up to hold support, but no follow-through. equilibrium continues for now, wait for lower high around 38500-38800, then new dip. The new dip could well break bearish as well, but there's no guarantee.

١٧ يناير ٢٠٢١

ملاحظة

So far, every support that gets tested breaks on the first re-test. It's not yet the dump I would personally like to see, but it's definitely not a bullish momentum.