Bitcoin / Tether USDShort
BTC in a falling wedge to ~44k before turning upwards
Updated
We came from a clear raising wedge while RSI was showing bearish divergences. This evidenced a necessary correction before continuing upwards to new ATH.
The correction is now in progress developing a beautiful falling wedge. This wedge will offer entry points around ~44k before turning upward again in Jun.
Double bottoms behaviour at RSI supports this predicted falling wedge.
Good look.
The correction is now in progress developing a beautiful falling wedge. This wedge will offer entry points around ~44k before turning upward again in Jun.
Double bottoms behaviour at RSI supports this predicted falling wedge.
Good look.
Note
Developing as expected, BTC sentiment is changing to bearish and panic sellers are helping on the formation of this falling wedge.Stay tuned for the rebound around ~47k or a little below: that will be a good entry point for mid/long term traders or for scalping about a +20% till the top of the wedge.
Good luck.
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