BTC Daily Tightens, Potential Descneding Wedge
BTC is tight with a couple daily inside bars in a row.
It is a bit of a choppy picture over the last week, on this weak bounce attempt.
Currently watching a potential descending wedge on the daily, that would have to see a high volume daily candle for a bull break.
We would have to see the most significant bull day in weeks if we were to see it follow through and get over daily EMA 12 and 26 resistances.
There have been some decent little runs on the hourly chart with bull volume behind it.
This is why the potential for a bull move has my attention.
It is a bit of a choppy picture over the last week, on this weak bounce attempt.
Currently watching a potential descending wedge on the daily, that would have to see a high volume daily candle for a bull break.
We would have to see the most significant bull day in weeks if we were to see it follow through and get over daily EMA 12 and 26 resistances.
There have been some decent little runs on the hourly chart with bull volume behind it.
This is why the potential for a bull move has my attention.
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