BTC - Weekend Dump Might Be Incoming?

We're seeing good upward movement today across the crypto market after a pretty grim Friday.

Looking at the 4H chart, we can see there's a big move brewing soon. Volume has been steadily dropping, we're in a parallel wedge mid-term and a downward channel short-term.

There's the potential for us to break out of the upper bounds IF we see buy volume increase beyond the yellow line. I think this is unlikely.

RSI is looking like a reversal is in the cards short term, overall position is not very healthy.

Only healthy indicator is a full MACD. While this is "Healthy", it can also be a sign of a reversal coming when viewed with other indicators. Afterall, when something goes up, what happens after?

Potential support levels are marked in red dashed lines.

This is not financial advice.

הערה:

Looks like a breakout, watch for a retrace around 19.3k