Bitcoin is still going sideways and there is not much movement. There is a rising wedge again on lower time frames and also a possible bear flag. The market is giving some bearish signs, so better to use tight stop loss in all open positions. A break below the support of $20,700 will bring more downward movement. The key level to flip is $23,000. We will see some volatility when the US market opens.
Commento:
The small rising wedge broke in a downward direction. Global markets are taking a hit still BTC is able to hold above the support level. There is no need to panic as long as BTC is able to hold above the $20,700 level. Stop loss is recommended in all open positions.
Trade chiuso: obiettivo raggiunto:
All targets reached, and currently waiting for 17700$ support reaction, if 17700$ is broken, next target will be around 12500$...