Bitcoin Rising Wedge Reversal Time to Sell!
Well as I like reversals and reversals can go both ways and since Bitcoin looks like we are at the end of the cycle time to look for a reversal and as soon as I start going for trend lines, I see the rising wedge reversal building up which pretty much means that we are going down soon and we only have room for upward movement till 7.3-7.4k and for some of us who made gains on NEO, Siacoin and other trades on this cycle I think it will be good to fix our profits and wait till Bitcoin finishes the rally down because pumping now to 7.3-7.4k is only small gains and the chance of a dump now is bigger so the probability of us losing all the money we have made on this run is bigger and missing that small gains after the profits we made so I think as we have bearish divergence on EWO, 4h STOCH overbought, MACD close and chance of a bear cross and only at this point EMA 100 has collided with EMA 200 which means that this run did not have much strength and with bearish signs now I don't see the EMA 100 crossing EMA 200 but quite the opposite, I see EMA 20 coming and crossing EMA 50 which is a strong bearish sign and in 1h chart this already happened once and we pumped after that and exactly same action happened in the last run before we retraced so time to sell I guess ;)
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