Byte91

BTC - Broken wedge can lead to further selling

BITMEX:XBTUSD.P   Bitcoin
This is the first bearish structure breakdown since the beginning of the bull run. Meanwhile majority is still waiting for 10K.
I am not saying you should sell, but would be cautious about buying the dip here, a broader correction can happen now. I still believe that we have to visit at least 6-5K price levels.
It is dangerous to short here too though. It can be just a bear trap as well, I think that staying aside is the best option for now.
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.