Bitcorn having a hard time getting over our diagonal resistance

2019년 8월 9일

Gann box placed with violet rectangle indicating where our price is hovering/ finding a happy medium for now. Large ichimoku cloud below leaves a lot of support to consider, breaking down through the top of the cloud will be a slow process as bulls don't want to give up their position near 12k. Continuing to attack the 12k violet diagonal. Possibly a Wyckoff distribution...

You can also see we attempted to make a flat bottom wedge , but failed and I'd consider that invalidated or a bullish bias distorting the end of the triangle.