Main Bitcoin Prediction

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My current #Bitcoin thoughts;

We're currently in a possible rising wedge which can easily bring us back to are recent lows.

Breach of the golden horizontal resistance and a daily close above it would mean that my sentiment towards BTC will be totally changed to bullish/

Remember that the Bitcoin ETF has a big fundamental aspect in this.


Follow my Twitter for consistent updates: twitter.com/MeisterTrader

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ملاحظة

So far this is following my chart perfectly.

Remember; my first bounce bearish target is still valid, I will be layering longs around 5400, ignore the fear once we get to that level.

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ملاحظة

The same thing has played out with BTC multiple times, big dump / a lot of fear then sudden reversal but this may need some good fundamental news to help it back up. But I can easily see the 3xxxs come into play soon.


Sold the rest of my trading stack at $5530, I'm personally not looking to catch a bottom unless there is extremely obvious signs like higher tf hammers etc.

In the meanwhile I'll be trading FX, some really good RR setups can be played over there.