BitcoinShort
BTC Bullish? Doubt it.
200EMA (which has been already faked out 3 times) as resistance.
Resistance of long term trend-line.
Resistance of rising wedge (Continuation pattern - bearish in a bearish market).
55EMA of volume: dropping volume with increasing price. (Difficult to see on published graph)
Stochastic: Maxed out on 1 day chart.
How I see it: Correction is due based on stochastic alone. This lines up with failed break @ multiple resistances, and the downward breakout of a rising wedge. This leads to mass sell off as the patterns are validated.
Target: $6000, then reassess market.
Resistance of long term trend-line.
Resistance of rising wedge (Continuation pattern - bearish in a bearish market).
55EMA of volume: dropping volume with increasing price. (Difficult to see on published graph)
Stochastic: Maxed out on 1 day chart.
How I see it: Correction is due based on stochastic alone. This lines up with failed break @ multiple resistances, and the downward breakout of a rising wedge. This leads to mass sell off as the patterns are validated.
Target: $6000, then reassess market.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.