BTCUSD. Falling wedge is forming by the Libra's hearings date

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Key notes:

• If Bitcoin broke down the uptrend line and a median of a downtrend channel, it will probably go down under 7k fast.
  
• For now, we have a falling wedge and decreasing volumes inside it, which can indicate that sellers are exhausing.
  
• I'm holding longs from ~8280 with tight stop, until wedge isn't broke. In a good case if BTC doesn't fall down, wedge will be resolved with target between 9k - 9.4k.
  

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ملاحظة

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ملاحظة

Selling volumes are still decreasing, I'm waiting for a confirmation of breakdown of the trend lines to close the trade with loss.

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أغلقت الصفقة: تم الوصول لوقف الخسارة

BTC looks weak and goes to 6.5k, it seems

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ملاحظة

The level still can hold, but the risk of breakdown and free fall is too high

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تم فتح الصفقة

Level seems to be hold. Looking for the next movements. This week is decisive.

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ملاحظة

Also there is MA240 daily, which supports the price here

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ملاحظة

For now, it looks like it was a fake breakdown. Target is the same: 9k

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تم إغلاق الصفقة يدويًا

BTC couldn't recover from here. It's better to close the longs, because another drop can occur on a thin market during the weekend