BTC - "In bear market: Sell the rally" until proven otherwise
Dear all,
Back from holidays, here is the chart I'm following on BTC.
BTC is doing nicely, what was initially looking like a bear flag evolved into a nice rising wedge.
By demonstrating such bullishness yesterday, the wedge is now broader and open the path to the downtrend line retest.
Even though Alts bled a lot, I do expect another move downward after reaching the 7.5 to 7.7k.
My downside target is around 5.4 and 4.9k.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
Back from holidays, here is the chart I'm following on BTC.
BTC is doing nicely, what was initially looking like a bear flag evolved into a nice rising wedge.
By demonstrating such bullishness yesterday, the wedge is now broader and open the path to the downtrend line retest.
Even though Alts bled a lot, I do expect another move downward after reaching the 7.5 to 7.7k.
My downside target is around 5.4 and 4.9k.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
Trade closed: target reached:
Correction took a lot of us by surprise with BTC not being able to reached the resistance line. Result is the same rejected by the highlighted resistance level.