Rising wedge pattern on Bitcoin
Keep an eye out for a triggering sell event on Bitcoin through the temporary "floor" at $6,200.
Price has been steadily rising from the recent lows at $5,750 however this pattern is a BEARISH signal. We could see one more pump but be careful it, this could be a bull trap.
RSI trend line has broken to the downside with volume steadily decreasing. There is an inverse head and shoulders pattern at risk, that should keep the buyers interested.
I intend to accumulate into a sell position with stops above $6,400 which would also invalidate the rising wedge pattern.
A projected target for completion of this pattern is near $5,600.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
Price has been steadily rising from the recent lows at $5,750 however this pattern is a BEARISH signal. We could see one more pump but be careful it, this could be a bull trap.
RSI trend line has broken to the downside with volume steadily decreasing. There is an inverse head and shoulders pattern at risk, that should keep the buyers interested.
I intend to accumulate into a sell position with stops above $6,400 which would also invalidate the rising wedge pattern.
A projected target for completion of this pattern is near $5,600.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
ملاحظة
Break triggered . Look to short the altcoinsملاحظة
Another sell pattern forming.ملاحظة
ملاحظة
Wrong chart. This one:ملاحظة
Moving south as expected. The power of TA cannot be underestimated
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.