BTC Bearish short term, Bullish Long Term - down to $6k then up!
Updated
With BTC breaking it's year long trendline, a new wedge has formed with one - two more touches possibly incoming.
Possible Fiat purchase scenario:
Stagger buys @ $6600, $6300 & $6150, Possible sell off around 8k on 06/07 from previous trend with a retest and buy back around 6k.
Possible Fiat purchase scenario:
Stagger buys @ $6600, $6300 & $6150, Possible sell off around 8k on 06/07 from previous trend with a retest and buy back around 6k.
Note
All targets reached with the 6150 price closed and bounced.I feel like this might not be the bottom though and am ready for the wedge to be broken. Stop losses at 6k
Note
Wedge bounce has held, looks like we may have hit the bottom, but im not counting out a dead cat bounce on the daily like it has beforeNote
Update: We ducked under the trend line and i noticed it was a little off. this is still valid although it bounced at 5800Note
Still trucking along inside the wedge... a breakout passed 7800 would see this wedge broken!
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