Falling wedge support and resistance seem to be steeper than what I drew in my previous chart. My view still the same as last time, with a few adjustments:
Right now BTC -0.55% is bouncing along a falling wedge. I do not envision any recovery until the first week of the Chinese new year has past (23rd of February)
If btc breaks the support of the falling wedge...
Qtum seems to be forming a bullish pennant.
Entry point is at the bottom of the pennant, risky movement is buying at 3000 sat, with a stop loss under the next fib ret (2800sat).
More secure movement is to wait until support of pennant is confirmed, then buy around 3100 sats.
Balanced movement is to buy 50% of your allocation at 3000 sat with stop loss at...
Right now BTC is bouncing along a falling wedge and currently finding support in the 0.236 Fib. I do not envision any recovery until the first week of the Chinese new year has past (23rd of February), until that day 2 are the main possible scenarios:
1) We travel along the current support of the fib. retracement keeping the price around 8500 usd and using the...
