BitcoinLong
Bitcoin loves falling wedges - this time is no different
Bitcoin is consolidating its gains between long term monthly fib levels (zoom out to see on the chart).
You will have no doubt seen many falling wedges on BTC over the years. Wait for RSI divergence and true panic as people start calling for 19k prices (thats the buy signal).
You should either:
1. Wait patiently until the upper trend line breaks and GETS retested (BTC is notorious for fakeouts).
2. Accumulate spot positions around the lower trend line as the price pulls back over the next month. If it breaks out to the upside - follow the above.
Do not short this market - this is just the start of an epic bullrun.
Do look at this as a good time to accumulate and take ownership of BTC being sold before the real move happens. The macro trend is still bullish!
Not trading advice.
You will have no doubt seen many falling wedges on BTC over the years. Wait for RSI divergence and true panic as people start calling for 19k prices (thats the buy signal).
You should either:
1. Wait patiently until the upper trend line breaks and GETS retested (BTC is notorious for fakeouts).
2. Accumulate spot positions around the lower trend line as the price pulls back over the next month. If it breaks out to the upside - follow the above.
Do not short this market - this is just the start of an epic bullrun.
Do look at this as a good time to accumulate and take ownership of BTC being sold before the real move happens. The macro trend is still bullish!
Not trading advice.
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