Current BTC @ 10AM PST~
17% down from 30 days ago but we are still actually ahead 1.61% from 14 days ago. Current 24hr volume is running at 4.29Bn and 129.55 Bn Market Cap (Still 7hr from close).
BTC previous 5 days
We can see volume trending down while market cap goes up (interpreted as bearish) past 3 days. But this could also be due to the fact people are waiting for confirmation such as a breakout above the triangle we can see a good candle.
6hr MACD, RSI, & OBV
Take note that the ascending triangle only supported in the 4hr and 6hr chart. In the 1 - 2 hr chart looks like the RSI is ranging.
6hr chart
Summary:
Key resistances we have to break for bullish:
- $7800 current swing high.
- $8225 .5 fib retracement of wave W and (a) support
- $8600-$8800 wave x high and trendline resistance