We came from a clear raising wedge while RSI was showing bearish divergences. This evidenced a necessary correction before continuing upwards to new ATH.
The correction is now in progress developing a beautiful falling wedge. This wedge will offer entry points around ~44k before turning upward again in Jun.
Double bottoms behaviour at RSI supports this predicted falling wedge.
Good look.
تعليق
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Developing as expected, BTC sentiment is changing to bearish and panic sellers are helping on the formation of this falling wedge.
Stay tuned for the rebound around ~47k or a little below: that will be a good entry point for mid/long term traders or for scalping about a +20% till the top of the wedge.