BTC: Wedge or ledge
BTC is trading within two interesting structures;
-A bearish descending triangle and a possible bullish falling wedge
-Multiple rejections at the 50 RSI mark indicating failure to establish lasting bullish momentum
-Multiple fakeouts signaling weakness
-ADX started picking up bearish momentum at the 20 mark
Waiting for a few more candles to see where the market will head to (as BTC can turn on the dime at any moment from catalysts).
A breakdown to lows around the 28,000 mark may confirm further weakness in price and invalidate the wedge.
[Disclaimer: This is for educational purposes only, trade at your own risk]
-A bearish descending triangle and a possible bullish falling wedge
-Multiple rejections at the 50 RSI mark indicating failure to establish lasting bullish momentum
-Multiple fakeouts signaling weakness
-ADX started picking up bearish momentum at the 20 mark
Waiting for a few more candles to see where the market will head to (as BTC can turn on the dime at any moment from catalysts).
A breakdown to lows around the 28,000 mark may confirm further weakness in price and invalidate the wedge.
[Disclaimer: This is for educational purposes only, trade at your own risk]
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.