BitcoinLong
BTC Rising wedge forming
With the recent breakout many may expect an uptrend or bullish reversal. It's possible, as is anything in crypto.
But looking at the chart i see an obvious rising wedge waiting to break to the downward side. RSI and MACD both indicating bearish divergence.
Most buyers are expecting at a dip to 7200-7300 range. I do expect BTC to test 7600 range. Failure to hold 7.6k, i would expect a test of 7.2 - 7.3k
The market is playing the hard game. Dont get caught out trying to short or go long. If you don't feel comfortable doing a trade, don't do it.
Good luck to all and hopefully we start heading to the moon soon ;)
If you like my TA, give it a like!
Cheers
But looking at the chart i see an obvious rising wedge waiting to break to the downward side. RSI and MACD both indicating bearish divergence.
Most buyers are expecting at a dip to 7200-7300 range. I do expect BTC to test 7600 range. Failure to hold 7.6k, i would expect a test of 7.2 - 7.3k
The market is playing the hard game. Dont get caught out trying to short or go long. If you don't feel comfortable doing a trade, don't do it.
Good luck to all and hopefully we start heading to the moon soon ;)
If you like my TA, give it a like!
Cheers
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