BTC falling wedge broken!
Updated
BTC is moving just as predicted! You see how beautifully BTC broke our falling wedge. We are currently witnessing a small pump.
But please do not think we will only see upside now. Wait for the confirmation,
No trade can go only up, it has to come down for support, for gear and to shoot up again!
We are yet to witness parabolic June bull run! I do not see BTC below $6500 at all!!
Currently we might see a pullback back at 7000ish levels again just to test the wedge support (previous resistance).
Look at the RSI! Even at the daily chart RSI is below 35. History shows bulls get into action whwenevr daily RSI drops that low! Check out my previous analysis.
Now i just do not advice selling at these levels. Its just too risky. Do not risk a good pump for a mere 5% gain through shorting!
Patiently hold your cryptos we are very near to the bottom or we might have already made a bottom!
Who knows! But one thing is for sure that BTC isnt going below $6500 baby!! Whales wont allow that:)
Happy investing!
But please do not think we will only see upside now. Wait for the confirmation,
No trade can go only up, it has to come down for support, for gear and to shoot up again!
We are yet to witness parabolic June bull run! I do not see BTC below $6500 at all!!
Currently we might see a pullback back at 7000ish levels again just to test the wedge support (previous resistance).
Look at the RSI! Even at the daily chart RSI is below 35. History shows bulls get into action whwenevr daily RSI drops that low! Check out my previous analysis.
Now i just do not advice selling at these levels. Its just too risky. Do not risk a good pump for a mere 5% gain through shorting!
Patiently hold your cryptos we are very near to the bottom or we might have already made a bottom!
Who knows! But one thing is for sure that BTC isnt going below $6500 baby!! Whales wont allow that:)
Happy investing!
Note
We are currently witnessing consolidation. Bitcoin held its pump and the daily chart closed positive!Higher lows are still intact!! Weekly candle is also needed to close above $6600.
Currently we might see another leg up towards 7700ish. But beware of the disbelief in the rally place optimal stop losses at $7300.
I expect one small pullback towards $7200 right now and then final pump by 4th June.
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