Bull Flag | Falling Wedge Forming
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.