🔥 Bitcoin Bearish Wedge: Make It Or Break It
Two days ago I made an analysis on Bitcoin and the bearish wedge in which it was trading.
After almost dropping 10% in a day, Bitcoin is currently trading near the support area of this bearish wedge. Ideally, BTC reverses sharply from this area and pushes back to 66k+ today. Most bearish case would be for BTC to close the day below the support line.
Overall, I'm still very bullish on Bitcoin and the state of the market. However, there's a decent chance that we're going to touche the support area in the coming week or so. Traders are vastly over-leveraged and greed is reigning.
I'm not expecting BTC to fall through the support area, since I'm a firm believer that the cycle will continue in the coming months.
Happy trading!
After almost dropping 10% in a day, Bitcoin is currently trading near the support area of this bearish wedge. Ideally, BTC reverses sharply from this area and pushes back to 66k+ today. Most bearish case would be for BTC to close the day below the support line.
Overall, I'm still very bullish on Bitcoin and the state of the market. However, there's a decent chance that we're going to touche the support area in the coming week or so. Traders are vastly over-leveraged and greed is reigning.
I'm not expecting BTC to fall through the support area, since I'm a firm believer that the cycle will continue in the coming months.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
İlgili yayınlar
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.