BTC still working on the Ichi cloud, not much new to report! Holding the same channel as the last week and having been rejected once off the 4 hour cloud is now sneaking along the bottom towards the weakest resistance point which looks promising. Risky point right now as hitting the log down trend from 11700 and starting to correct.
RSI and MACD looking ok, no divergence on the 4 hour, but some hidden bearish on the 1 hour so we're likely looking at an imminent minor correction at least. Volume is pretty low, VWAP and OBV both aligned, MFI upturned (4 hour).
Bigger picture we are currently trying to break out of a bearish rising wedge/pennant which forms a smaller part of the overall bullish falling wedge. Holding close to support trends running from July and September 2017.
RSI and MACD looking ok, no divergence on the 4 hour, but some hidden bearish on the 1 hour so we're likely looking at an imminent minor correction at least. Volume is pretty low, VWAP and OBV both aligned, MFI upturned (4 hour).
Bigger picture we are currently trying to break out of a bearish rising wedge/pennant which forms a smaller part of the overall bullish falling wedge. Holding close to support trends running from July and September 2017.
Come say hi @elisa_crypto on twitter!
