BTCUSDT. Falling Wedge. Will it Play Out?
Updated
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Hello traders,
What we see:
1. Falling Wedge with a potential bullish divergence (not yet confirmed).
2. RSI oversold.
3. Buying Volume picking up a bit. If it retraces we think it will be on falling buying volume, meaning it will just be a a kind of a weak retrace.
Panic shorting for the moment is not optimal, if it retraces then there will be good short entries.
For now we are super short term bearish (1-3 weeks more less) and long term bullish (next 1-3 months, more less)
Best of best and live to fight another day my friend.
Robertus.
Hello traders,
What we see:
1. Falling Wedge with a potential bullish divergence (not yet confirmed).
2. RSI oversold.
3. Buying Volume picking up a bit. If it retraces we think it will be on falling buying volume, meaning it will just be a a kind of a weak retrace.
Panic shorting for the moment is not optimal, if it retraces then there will be good short entries.
For now we are super short term bearish (1-3 weeks more less) and long term bullish (next 1-3 months, more less)
Best of best and live to fight another day my friend.
Robertus.
Note
Must hold the 56k area if not then it will likely hunt the 52k level.Note
Note
Most recent idea
“All fixed set patterns are incapable of adaptability or pliability. The truth is outside of all fixed patterns” BL
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