Bitcoin appears to be forming a falling wedge pattern..
On the KST it's clearly oversold and there's been a noticeable bullish cross where I've placed the blue downward pointing finger.
Notice the RSI is continuously getting rejected at the blue sloping resistance of a rather Macro descending triangle, there have been multiple deviations but for the most part, the RSI has stayed inside of the pattern.
I have drawn a possible green hypothetical price action scenario in the near term, if the dark blue line at $27,550ish USD than we may form an H&S pattern and eventually confirm a blow-off top.
Only time will tell, it's hard to find a bearish talking point for Bitcoin in this economic envoirment.
On the KST it's clearly oversold and there's been a noticeable bullish cross where I've placed the blue downward pointing finger.
Notice the RSI is continuously getting rejected at the blue sloping resistance of a rather Macro descending triangle, there have been multiple deviations but for the most part, the RSI has stayed inside of the pattern.
I have drawn a possible green hypothetical price action scenario in the near term, if the dark blue line at $27,550ish USD than we may form an H&S pattern and eventually confirm a blow-off top.
Only time will tell, it's hard to find a bearish talking point for Bitcoin in this economic envoirment.
Nota
Maybe another bullish flag or descending triangle? 
Nota
The same chart btw, moderately different narrative but still generally bullish..
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.