Wait for retest of the top of the triangle as support for confirmation.
BTC had already retested the 61.8% Fib retracement level at ~30k USD.
Next level to look out for is the 38.2% Fib retracement level (@ ~43.6k USD), followed by the 23.6% Fib retracement level (@ ~51.8k USD).
Continued analysis from:
RSI and Stoch(RSI) regular bullish divergence on the daily.
MACD indicators bullish on the daily.
MA lines legend: Red = 21 EMA Green = 50 SMA Thick Orange = 200 SMA Thin Orange = 200 VWMA
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Daily-close confirmation. No volume confirmation yet. However the consolidation exhibited dominant accumulation-like characteristic/patterns on the lower time frames.
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6hrly Chart:
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Caution Death cross on the daily looming:
MA crosses are lagging indicators, however it being imminent will provide some downward pressure. However the impending death cross may also catalyze a short-squeeze bounce, as excessive shorts builds up in anticipation of the event..