Weekly and Monthly charts are pretty overbought, we are sitting on 90 on the weekly RSI.
Rejection off 50k Psychological level.
Rising Wedge in a bull market is typically a corrective pattern if we break below lower resistance.
Unless Elon tweets something about BTC, I think we head down for a small correction, before heading higher.
Short term bearish structure, but longer term still bullish.
*NOT FINANCIAL ADVICE*
Rejection off 50k Psychological level.
Rising Wedge in a bull market is typically a corrective pattern if we break below lower resistance.
Unless Elon tweets something about BTC, I think we head down for a small correction, before heading higher.
Short term bearish structure, but longer term still bullish.
*NOT FINANCIAL ADVICE*
Note
Seems I was a little early with this idea!
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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.