On Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785.
Note:
BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern.
BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern.
Take Note of the Liquidity Voids.
Note that the 50MA is moving upwards so if we continue having positive momentum, we will eventually see a Golden Cross on this BTC/USD 1 Week Chart when the 50MA (Yellow Line) crosses back above the 200MA (Red Line).
Here is a closer look at this BTC/USD 1 Week Chart.
RSI:
Note that the RSI has crossed into the Overbought Zone. Don't panic! The RSI Line can continue continue going further upwards as well as range sideways in this zone.
Up/Down Volume:
Note:
BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern.
BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern.
Take Note of the Liquidity Voids.
Note that the 50MA is moving upwards so if we continue having positive momentum, we will eventually see a Golden Cross on this BTC/USD 1 Week Chart when the 50MA (Yellow Line) crosses back above the 200MA (Red Line).
Here is a closer look at this BTC/USD 1 Week Chart.
RSI:
Up/Down Volume: