Dear fellow traders,
Everything has been explained in the chart. Please comment if you need any clarification or have any questions. There is a formation of rising wedge on the bitcoin monthly chart (Google what it means).
There is a bearish divergence on RSI. See point A and B on price chart and RSI. Price rises from point A to point B on price chart, but on RSI, Point B is lower than point A.
Note: This is a monthly chart analysis.
Note: This is not a financial advice. Do your own research before investing.
Everything has been explained in the chart. Please comment if you need any clarification or have any questions. There is a formation of rising wedge on the bitcoin monthly chart (Google what it means).
There is a bearish divergence on RSI. See point A and B on price chart and RSI. Price rises from point A to point B on price chart, but on RSI, Point B is lower than point A.
Note: This is a monthly chart analysis.
Note: This is not a financial advice. Do your own research before investing.
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