$XBTUSD - Bitcoin Technical Analysis - Due correction in sight
Let's look at the market and see what it is showing us currently.
We can see a big rising wedge has been formed and has reached a pivotal point and we might soon see due correction in price of Bitcoin. I expect the price to fall to demand area of 8050$ to 8400$
XBTUSD.P
I have published a similar idea as can be seen below which suggests that market would soon enter a correction (this is invalid if Bitcoin crosses 10000$ in a day or two). Check out the chart below
If you like the idea, do hit like button. Thanks.
We can see a big rising wedge has been formed and has reached a pivotal point and we might soon see due correction in price of Bitcoin. I expect the price to fall to demand area of 8050$ to 8400$
XBTUSD.P
I have published a similar idea as can be seen below which suggests that market would soon enter a correction (this is invalid if Bitcoin crosses 10000$ in a day or two). Check out the chart below
If you like the idea, do hit like button. Thanks.
Trade closed: target reached:
This played out really well as expected. Will look out for an idea to possibly long. Hope you liked the idea. Hit like button to keep me motivated.
