BitcoinAggiornato Bitcoin: Stuck between a rock and a hard place
From the last idea, we did end up pivoting at 6.4k as I had thought but unfortunately we didn't have the follow through I was expecting. We are now looking at another potential leg downward.
BTC seems to be building up for a breakout, but the direction is unclear. Oscillators and divergences are showing a gradual loss of momentum in the current bear trend.
I have the explanation of the crucial points on the chart. I would not open a trade while still in the apex of this wedge. Waiting for confirmation above 7150 or below 6450.
BTC seems to be building up for a breakout, but the direction is unclear. Oscillators and divergences are showing a gradual loss of momentum in the current bear trend.
I have the explanation of the crucial points on the chart. I would not open a trade while still in the apex of this wedge. Waiting for confirmation above 7150 or below 6450.
Nota
Fractal from the first drop to 5.8k in feburary. If we fail to break the 7150 pivot this could happen.
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