Possible uptrend channel for BTCUSD
Actualizado
3 possible outcomes for the next hours unless a very unexpected bullish movement breaks the resistance at 7900 before all this happens.
There is a possible ascending triangle, if confirming it could be a good signal of the possible uptrend channel (green).
I think we will see a bearish movement over the next hours as 2hr MACD/StochRSI indicators are showing oversold condition, but we might restart a small rally towards the 8000 if we don't break 7500 over the next 24-36 hours, as Daily MACD/StochRSI shows slightly oversold condition, but it will not break the next resistance at 7900-8000 as we are lacking volume and prices are getting very stable over the last days (MACD constantly moving through the 0 area confirms that).
My vision is overall bearish for the upcoming quarter as overall volume is really low, leading this to a situation where the bulls are not able to break the next higher supports (7900-8000).
There is a possible ascending triangle, if confirming it could be a good signal of the possible uptrend channel (green).
I think we will see a bearish movement over the next hours as 2hr MACD/StochRSI indicators are showing oversold condition, but we might restart a small rally towards the 8000 if we don't break 7500 over the next 24-36 hours, as Daily MACD/StochRSI shows slightly oversold condition, but it will not break the next resistance at 7900-8000 as we are lacking volume and prices are getting very stable over the last days (MACD constantly moving through the 0 area confirms that).
My vision is overall bearish for the upcoming quarter as overall volume is really low, leading this to a situation where the bulls are not able to break the next higher supports (7900-8000).
Comentarios
Probably the purple scenario is the one going to happen.Comentarios
Looks like the uptrend channel has been confirmed.
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