I've been waiting for BTC to drop, but the pattern is revealed to be a rising wedge and it may take a little longer to complete. Note the bear divergences building on mid-time frames.
A typical scenario here would be for the MM's to spike through 7k aggressively to remove stops of anyone who assumed we double topped (circled). If I were interested in shorting, I would put a limit slightly above the "double tops"
Good Luck!
A typical scenario here would be for the MM's to spike through 7k aggressively to remove stops of anyone who assumed we double topped (circled). If I were interested in shorting, I would put a limit slightly above the "double tops"
Good Luck!
Commento:
Looks like it may break today, wait for confirmation
Commento:
Could be starting it's descent now
Commento:
There's the sell signal, Needs to get below the channel trendline to sell down to 4k or less. May happen, may not
Commento:
We're on our way, expecting something like this over the next few days - don't think it will a waterfall like two weeks ago
Commento:
BTC riding this trendline, still seems bearish to me.
