Hello everyone, looking at this point in the channel and seeing BTC hit the top of the wedge; MACD looks like it's going to possibly cross bearish, so we are seeing a key moment here. This could put BTC below the channel to test support below and bearish. Be prepared in case it breaks either direction. If it goes up it could spike and produce a good opportunity to earn.
Note
We broke up strong, and now we need to push through 9700 folks. Buy so we don't end up with a double top. Note
Sorry, posted wrong chart. Meant to show Bitfinex not Coinbase, same pattern. Still in uptrend, broke the triangle/wedge. Hit resistance at 100% fib, likely to see correction here, but would be nice to push up to the next stop to avoid a double top.
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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.