Given the recent slump in BTC's price and fears of COVID 19. The retracement has been healthy and reactive but it still does not confirm whether we have completely bottomed.
The RSI and the MACD is the key indicator here, for bullish strength bullish divergence must form. A 5th wave will mean things will come into fruition and is very much on the move given the...
Looking to add to my short if this wedge breaks which I can see happening in the next 24 hours. if we break up, which I doubt as it’s been tested many many times and failed, I will look at closing the rest of my position and going long but as I said I doubt this resistance is gonna break. Short from $10,400
The downturn has begun in the markets of the Eastern countries, and Bitcoin has tended to decline. I prefer to tell my friends every time I am out of the market.
Given the market convergence with the global economy, we are expecting a large-scale reverse signal.
Look out for deeper support.
Hello spotted bullish pennant formation on BTC and this could take us to 14k zone when break up.
keep an eyes on it and follow our proposed entry zone for your long and always remember to use stop loss.