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Bitcoin scares MA500, and rejecting it! Follow the REKTangles)

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Hi, people, dear followers!

Bitcoin price prediction update, price still under MA500, and couldn't break it, consolidating in Rising Wedge pattern (Bearish) under MA500.

More bearish confirmation on Stochastic RSI - there is bearish divergence: price moving down and stochastic rsi moving up.

In rectangles I showed possible rebound areas, which shows good supports to close short: entry at 6700, and with stop loss above 6815.
And wait for rebound in this levels sush as 6100-5800-5500-5100.

Flip to bullish if it break R1 resistance line, and 6800 resistance area. Targets R3 and R2 resistance lines, targeting 7000-7200-7400

Support and Resistance levels calculated using FIbonacci extensions.

Good luck and have a good day!
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Longs vs. Shorts anlık görüntü
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another signal from Daily chart is a about Death Cross of MA30 and MA500
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In 2014 it happened too
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reuploaded Daily of 2018
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Price still under R1 resistance, Stoch RSi overbought. I recommend to set SL for short at 6815±25$ levels
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price inside bearish triange, so be ready for squeeze 6890 is a main resistance for this move.
turn short-term! bullish if Daily CLOSE price will be above 6900!
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fomo phase started
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Still BULLISH?!

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Scalpers rejoice, price actually close above resistance, so this first sign of bull force, so seeing traders should wait for confirmation.
Should we go up without retracement? I don't think so.
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So after reaching R3 at the main chart it faced Bearish div on the 1h frame. Take a look: anlık görüntü

Feragatname

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