MACD and RSI trading strategy ssignal trigger BINANCE:AVAXBTC short signal triggered 65% winrate, 7.9 profit factor.
Failed to hold the line guys, we're going to retest the line and head back down to check out that $17k level again
After hitting bottom support we seem to be trading in a Gann fan. We *should* be able to hold this range until we hit resistance ($25K, $28K, $33K)
Data taken from the 2017 Bitcoin market marking similarities in the current market. Breaking the blue resistance line would indicate the start of a bullish market based of off previous behaviour
Bitcoin looks to be forming an ascending broadening wedge, probably a consolidation of the move down we had, it's likely we'll hit $25K, close this week above $22300 (200WMA) and retest $20K next week
If we manage to reclaim 29-30k region we're unlikely to be breaking 35k before making new lows
$bitcoin is still holding the trendline it created way back throughout most of 2020. Short only on a confirmed break below
Long on Bitcoin until we hit the resistance created by $67K and $47K. Will consider continuation or shorting from there
BTC is currently sat within a symmetrical triangle. Breakdown will likely lead to a bearish retest of $28K before making lows in the $23K region. Break up would likely lead to a bullish continuation to test resistance at $34K which could open up to targets in the region of $40k Shorts currently underwater from the false break down earlier this week