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Quick update in BTC/USD-2020/11/25- Lower prices ahead??

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eagleboy
@eagleboy
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Quick update in BTC/USD as the price reached the second highest price level after 3 years! It seems very strong but we have to face the truth, it has to retest previous lower levels, before it returns back stronger. ALso we can see in the first daily chart that RSI is in high levels.

It is obvious in the 1h chart that it has already perform into a rising wedge and in addition with the high RSI we will probably soon see lower price levels. Probably before o after reach closer the last upper blue line.

Here, we see 2 scenarios of the canals of the pattern that will probably follow.

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