BTC appears to be in falling wedge reversal pattern. Will wait for a bullish divergence from the MACD towards the bottom of the wedge followed by a upward break of the resistance line.
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A break above the resistance trend line with ample volume would certainly be a good sign. Enough for me to post a long position with a tight trailing stop loss to avoid a possible bull trap. A bull trap is definitely possible as we are still in a bear trend overall.
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Please comment thoughts and feedback!!
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Still on track! Expecting some more sideways trading, then a pull back to
6,2xx-6,1xx.
6,2xx-6,1xx.
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Epic battle going on between the bulls and bears right now.. There can only be one, let's see which way it breaks out. I'm hoping for a pump, but I have orders in place for either scenario.
