BTCUSDT. Falling Wedge. Will it Play Out?
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Hello traders,
What we see:
1. Falling Wedge with a potential bullish divergence (not yet confirmed).
2. RSI oversold.
3. Buying Volume picking up a bit. If it retraces we think it will be on falling buying volume, meaning it will just be a a kind of a weak retrace.
Panic shorting for the moment is not optimal, if it retraces then there will be good short entries.
For now we are super short term bearish (1-3 weeks more less) and long term bullish (next 1-3 months, more less)
Best of best and live to fight another day my friend.
Robertus.
Hello traders,
What we see:
1. Falling Wedge with a potential bullish divergence (not yet confirmed).
2. RSI oversold.
3. Buying Volume picking up a bit. If it retraces we think it will be on falling buying volume, meaning it will just be a a kind of a weak retrace.
Panic shorting for the moment is not optimal, if it retraces then there will be good short entries.
For now we are super short term bearish (1-3 weeks more less) and long term bullish (next 1-3 months, more less)
Best of best and live to fight another day my friend.
Robertus.
Comment:
Must hold the 56k area if not then it will likely hunt the 52k level.
Comment:
Comment:
Most recent idea
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.
Trader Since 2016. Industrial and Operations Engineering at U of Michigan, Ann Arbor. MBA IPADE. Master in Finance EGADE.