BTCUSD WARNING converging bearish signs
Updated
Quick update on facts
So from now (after hitting 40K) we start to see some sort of resistance / rejection. I'd be VERY cautious on opening long trades.
As always, better to stay on the side and see how it unfolds.
Don't bet, safe trade !
- 4H candle to close on a doji (reversal sign)
- 4H SHS pattern STILL not invalidated (right shoulder needs to go ABOVE head, A on the chart)
- We are forming another ascending wedge (like previous to on this chart), the pullback on ascending wedges is the beginning of the channel which would lead to approx 32.2K
So from now (after hitting 40K) we start to see some sort of resistance / rejection. I'd be VERY cautious on opening long trades.
As always, better to stay on the side and see how it unfolds.
Don't bet, safe trade !
Trade closed: target reached
The 30K target PERFECTLY reached as predicted.Took a bit longer than I though tho.
Check my new prediction
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