Bitcoin forming ascending wedge
Hello Friends,
This is the first TA I'm going to publish. From past few weeks, I've been trading following my TA and it has provided decent returns. So, I thought of publishing it :)
Bearish Signs:
a. Rising wedge - Most of the times it breaks down.
b. RSI and Stock RSI are relatively high
c. MACD nearing bearish crossover
We have to consider the fact that we just had a huge pump and bitcoin needs to cool down before making another leg up.
Personally, I'd wait for bitcoin to drop around 6350-6400 range and then wait for next move with a stop loss of 6250.
This is my personal idea and not a financial advice.
Thanks :)
Share your views in comments.
This is the first TA I'm going to publish. From past few weeks, I've been trading following my TA and it has provided decent returns. So, I thought of publishing it :)
Bearish Signs:
a. Rising wedge - Most of the times it breaks down.
b. RSI and Stock RSI are relatively high
c. MACD nearing bearish crossover
We have to consider the fact that we just had a huge pump and bitcoin needs to cool down before making another leg up.
Personally, I'd wait for bitcoin to drop around 6350-6400 range and then wait for next move with a stop loss of 6250.
This is my personal idea and not a financial advice.
Thanks :)
Share your views in comments.
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