Hello Crypto,
There are two scenario can possible from my opinion there is decreasing of volume clearly rejection from major resistance you can see in chart, a rising wedge can break down in coming day's.
If BTCUSD break $7000 to $7200 and closed above so upward continuation possible, but I think 7 day's of resistance rejection will have to crash BTCUSD to $5800, $5500 and $5000.
Trade signal:
50% BTCUSD sell at around 7000$.
Put the short position from $6800 to $6700.
Tomorrow is also a weekly closing.
There are two scenario can possible from my opinion there is decreasing of volume clearly rejection from major resistance you can see in chart, a rising wedge can break down in coming day's.
If BTCUSD break $7000 to $7200 and closed above so upward continuation possible, but I think 7 day's of resistance rejection will have to crash BTCUSD to $5800, $5500 and $5000.
Trade signal:
50% BTCUSD sell at around 7000$.
Put the short position from $6800 to $6700.
Tomorrow is also a weekly closing.
Trade closed: stop reached:
Closed above EMA50. Next Will be 8K if next close will above EMA50
Otherwise $6350 and $5800 are supports below