Bull Flag | Falling Wedge Forming
Updated
Might be a drop here down towards the 200 day EMA/MA and the bottom of this bull flag or falling wedge on the daily.
This could provide some reliefs to #alts vs. BTC while Bitcoin corrects down to 60-63k area
Short-term short until 53-54% area, then long again, may range within the wedge for a while, too.
This could provide some reliefs to #alts vs. BTC while Bitcoin corrects down to 60-63k area
Short-term short until 53-54% area, then long again, may range within the wedge for a while, too.
Order cancelled
Initially moved down from wedge top but has since broken above, invalidating this idea and now targeting 58-59%Trade active
I'm actually re-opening this, the breakout is looking weak as wedge top is being re-tested on the daily. Let's see if it holds and invalidates this idea or if it ends up moving back inside the wedge and down again:Trade active
Moved back inside the wedge, back on track with the original idea after a failed breakout above:
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