BTCUPDATE - 9.5.21
#BTCUPDATE - 9.5.21
BTC is trying desperately to breakout of the
59K but in doing so has been forming a pretty distinct rising wedge. This is a pretty bearish pattern - being Sunday this could see a pretty steep drop. This along with a Bearish divergence is looking more negative than positive for the next move for BTC. If you don't like risk then probably hold off trading today - especially being Sunday.
We want to get above59K on this next push/bounce if not then there will HIGHLY likely be a very bearish move down.
BTC is trying desperately to breakout of the
59K but in doing so has been forming a pretty distinct rising wedge. This is a pretty bearish pattern - being Sunday this could see a pretty steep drop. This along with a Bearish divergence is looking more negative than positive for the next move for BTC. If you don't like risk then probably hold off trading today - especially being Sunday.We want to get above
59K on this next push/bounce if not then there will HIGHLY likely be a very bearish move down.
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.