Bitcoin at crossroads!
Hey guys, hope you had a great weekend! ;)
Bitcoin is at important crossrads right now: If the bulls can manage to take out the 6.800, we have potential for a lower High on the weekly, and then build a higher low into an equilibrium range, which the bulls can eventually break bullish und therefore start the next cycle.
But if we break this wedge to the downside now, the probability of us not holding 5.8-6.000 increases, which will be a critical break with some downside potential.
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Bitcoin is at important crossrads right now: If the bulls can manage to take out the 6.800, we have potential for a lower High on the weekly, and then build a higher low into an equilibrium range, which the bulls can eventually break bullish und therefore start the next cycle.
But if we break this wedge to the downside now, the probability of us not holding 5.8-6.000 increases, which will be a critical break with some downside potential.
Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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