Thoughts on BTC at this moment.
Currently in rising wedge, expecting a break upwards to challenge resistance at 16k. Need to watch price action past 16k as this could be area of reversal and formation of right shoulder.
BTC often reks H&D's but it is still a possibility.
If daily candle closes above 17.5k, expect mega moon.
Proceed with caution.
Currently in rising wedge, expecting a break upwards to challenge resistance at 16k. Need to watch price action past 16k as this could be area of reversal and formation of right shoulder.
BTC often reks H&D's but it is still a possibility.
If daily candle closes above 17.5k, expect mega moon.
Proceed with caution.
Note
W double bottom with Diamond reversal.4h closed above 200 EMA.
Feeling very bullish atm but still need to see $16-17.5k cleared.
Note
Full bearish scenario if we do get heavy rejection after touching $16-17.5k
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.