Hi friends,
BTCUSD
now is still moving inside the wedge. Nothing much to analysis now but possible plan will be:
1. Wait for the price retraces back to the blue trend line then go long till $8000.
2. Wait till price retraces and breaks the blue trend line, then we can short BTC with taret at $6950, $6500, $5700 or even $4000.
This pattern seems very bearish for BTC, and I think price will go down again to form the double bottoms pattern, the start to rally again. But this is all prediction, price always goes by its way. Lets see which direction it will take!
Regards,
BTCUSD
now is still moving inside the wedge. Nothing much to analysis now but possible plan will be: 1. Wait for the price retraces back to the blue trend line then go long till $8000.
2. Wait till price retraces and breaks the blue trend line, then we can short BTC with taret at $6950, $6500, $5700 or even $4000.
This pattern seems very bearish for BTC, and I think price will go down again to form the double bottoms pattern, the start to rally again. But this is all prediction, price always goes by its way. Lets see which direction it will take!
Regards,