Bitcoin falling wedges
We have to important falling wedges in play.
The first one (smaller one) is imminent. The breakout of this one will lead us to $10300. Depending on if $10300 breaks, we will go higher and even possibly retest the $11000 region. If we break out to the upside.
Looking at the bigger timeframe we can see a giant rising wedge. This rising wedge supports the algorithmic targets at the $8000 region.
The safest way to trade this, is to wait for a breakout to either side and then go long/short. Resistance and support levels are precise, that's where you can expect a bounce/drop.
Watch the hourly close! We can easily see a fakeout and bull trap.
The first one (smaller one) is imminent. The breakout of this one will lead us to $10300. Depending on if $10300 breaks, we will go higher and even possibly retest the $11000 region. If we break out to the upside.
Looking at the bigger timeframe we can see a giant rising wedge. This rising wedge supports the algorithmic targets at the $8000 region.
The safest way to trade this, is to wait for a breakout to either side and then go long/short. Resistance and support levels are precise, that's where you can expect a bounce/drop.
Watch the hourly close! We can easily see a fakeout and bull trap.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.