BitcoinUpdated BTC Chart telling if we break 7.3k, we are going to retest 6.5k
Stochastic RSI, MACD crossing bearish all the indicators are showing bearish price action. Rising wedge is also a bearish pattern. The resistance over us looks still too strong to break and the volume for the bulls is not showing signs of strength. Going long before we break 8k is just hoping to get lucky.
Note
It happened! We went to 6.4k and bounced as my other idea predicted!
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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.