Warning!!! Bitcoin formed a bearish rising wedge!!! 🐻 sentiment
The bear sentiment it's so clear than water, but we see in H4 timeframe that Bitcoin it's not stable to bought contract. For that,I cancelled my position right now to closed up manually because we have the big possibility that Bitcoin goes to make a reversal of the trend. And that mean that it's great becuase we could to save USD to bought more cryptos to add in my portfolio. I thinking in it.
This it's my plan to sell below of $28,000 dollars in case that Bitcin doesn't support this price level. At the moment, I'm out of the crypto markets and I didn't reccomend to short or long Bitcoin, becuase we could to formed a mini-distributtion to find down a best price to bought!!!
We see in weekly chart that Bitcoin have 2 weeks bear sentiment and the trend could to experiment a possible reversal so near of the $20,000 USD above of this price. This it's my theory!!! But as Bitcoin it's so consolidate, I don't like to trade in this scenario when the assets it's into this consolidation.
For that, my own reccomendation it's still alert when Bitcoin mae the next movement when break up or down this consolidation in the range of %29,000 USD- $34,000 USD to take best decision!!!
This it's my plan to sell below of $28,000 dollars in case that Bitcin doesn't support this price level. At the moment, I'm out of the crypto markets and I didn't reccomend to short or long Bitcoin, becuase we could to formed a mini-distributtion to find down a best price to bought!!!
We see in weekly chart that Bitcoin have 2 weeks bear sentiment and the trend could to experiment a possible reversal so near of the $20,000 USD above of this price. This it's my theory!!! But as Bitcoin it's so consolidate, I don't like to trade in this scenario when the assets it's into this consolidation.
For that, my own reccomendation it's still alert when Bitcoin mae the next movement when break up or down this consolidation in the range of %29,000 USD- $34,000 USD to take best decision!!!