Hello Crypto Friends!
Just a quick update on BTC's movement.
On the Daily-
Resistance on the 55 EMA and the top of the wedge.
About to close above the 0.5 fib level though which should be a nice support level in the coming day or 2 if we see some consolidation at this level.
The 4 hr looks very nice for the Bulls! The wedge has broken!!
Above the mid line of the channel.
Accumulation is tapering off, about to see some green wave.
The hourly is looking a little bit exhausted though, i would not be surprised if we saw a small rest here-
RSI is right up there, though that's not to say we can keep going up but watch out for the divergences!
Bulls are back in town! (For now)
Happy Trading!